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Delvig [45]
3 years ago
9

Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.

(A) 240(B) 180(C) 120(D) 60
Business
1 answer:
irina1246 [14]3 years ago
8 0

Answer:

The correct answer is letter "B": 180.

Explanation:

During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

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The following are common categories on a classified balance sheet. a) Current assets b) Long-term investments c) Plant assets d)
noname [10]

Answer:

Land not currently used in operations - Long-term investments

Notes payable (due in five years) - Long-term liabilities

Accounts receivable - Current assets

Trademarks - Intangible assets

Accounts payable - Current liabilities

Store equipment - Plant assets

Wages payable - Current Liabilities

Cash - Current assets

8 0
3 years ago
What is the amount of physical goods and services that can be bought with a given amount of money?
STALIN [3.7K]

Answer:

please Elaborate like how much money do you have or something

3 0
2 years ago
Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl
sveta [45]

Answer:

8.3% - 60%

Explanation:

Unemployment rate is the total of unemployed divided by the total workforce. As the question says, there is 1 million of unemployed and  the people able to work is 12 million (1 million unemployed plus 11 employed). So the unemployment rate is 1/12... which is 8.3%

The participation rate is the employed plus the people that have no job but are actively seeking for a job, divided by the population that is in working age. The people who has no job, is in working age and available to work and is actively looking for work is the unemployed (ILO definition of unemployment). So we have 1 million plus the 11 million of employed, we have a total of 12 million. So the participation rate is 12/20... which gives us 60%

7 0
3 years ago
Firm ML, a noncorporate taxpayer, exchanged residential rental property for 20 acres of investment land with a $200,000 FMV. ML
wlad13 [49]

Answer:

a. $222,000

b. $22,000

c. $158,000

Explanation:

a. FMV of rental property =  FMV of land received + Received cash

= $200,000 + $22,000

= $222,000

b. FMV of land received       $200,000

Cash boot received                $22,000

Less: Basis of rental property $158,000

Realized gain                           $64,000

Recognized gain (Boot)          $22,000

this transaction qualify for a like-kind exchange under section 1031  When no gain or loss is recognized on an exchange but on Boot received. But recognized gain will be lower of boot amount of realized gain.

c. Carryover basis of original assets =  FMV of rental property - Realized gain

= $222,000 -  $64,000

= $158,000

8 0
2 years ago
A firm’s positioning statement should address their target segment. Anything else they’ll say in the positioning statement will
vivado [14]

<u>Answer:</u>

A firm’s positioning statement should address their target segment. Anything else they’ll say in the positioning statement will have "no" meaning to customers who are not in that segment.

<u>Explanation:</u>

A comprehensive overview of individual's target market as well as a clear image of how one want the audience to view an individual's brand, thus understood as "positioning statement". Any promotional and advertising decision one make about an individual's brand will comply with their positioning statement and endorse this.

For example, Nike's positioning statement is "Nike builds confidence for serious athletes that provides the perfect shoe for any sport."The concept of the Positioning Statement consists of four parts:

  • the target,
  • the category,
  • the differentiator and
  • the payoff.
4 0
3 years ago
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