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lawyer [7]
3 years ago
15

Hal Gore won a $1 million prize for special contributions to environmental research. This prize is awarded for public achievemen

t, and Hal directed the awarding organization to transfer $400,000 of the award to the Environmental Protection Agency. How much of the prize should Hal include in his gross income?
A. $400,000
B. $600,000
C. $1 million
D. None of these because all prizes are excludible
E. None of these because prizes from charities are excludible
Business
1 answer:
Vikki [24]3 years ago
7 0
I think the answer is A
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Public provision..
LenaWriter [7]
I think it’s a and b are correct
3 0
2 years ago
Companies that have preferred stock outstanding promise to pay a stated dividend for an infinite period. Preferred stock is trea
mel-nik [20]

Answer:

$74.63 per share

Explanation:

The computation of the value of preferred stock is shown below:

As we know that  

Value of the preferred stock = Annual dividend rate ÷ Returns on the stock

where,

Dividend on the preferred stock = Dividend rate × Par value

= 11% × $100

= $11

And, the return is 14.74%

So, the value of the preferred stock is  

= $11 ÷ 14.74%

= $74.63 per share

6 0
3 years ago
Motor Sales sold its old office furniture for $ 8 comma 500. The original cost was $ 18 comma 000​, and at the time of​ sale, ac
Vladimir79 [104]

Answer:

$1,500

Explanation:

For the computation of effect of the transaction first we need to find out the book value sold for which is shown below:-

Book Value sold for = Original cost of the furniture - Accumulated depreciation

= $18,000 - $10,000

= $8,000

Gain = $9,500 - $8,000

= $1,500

Therefore for computing the effect of the transaction we simply applied the above formula and as we can see that there is gain of $1,500

7 0
3 years ago
Which of the following statements is true?
VladimirAG [237]

Answer:

Many countries do not have access to modern agricultural processes.

Explanation

"In desert regions, wells and irrigation are needed to supply water before crops can be grown at all. Insects, plant diseases, and rats are estimated to ruin one-third of the harvest in some areas, and where lands have been farmed for centuries the soil nutrients are gone. Proper fertilization and hybrid plants could easily multiply crop yields."

This Quote shows that third-world countries crops are going to die because they don't have any modern ways to get rid of insects, plant diseases, and rats.

7 0
3 years ago
a common trait of corporate distribution systems, administered distribution systems, contractual distribution systems and supply
Leni [432]

Answer:

They all try to improve the efficiency and effectiveness of the distribution systems linking the firms together in a formal and mutual relationship.

8 0
3 years ago
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