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3 years ago

A tax levied on inherited money is known as a/an _______ tax. A. sales B. death C. excise D. estate

Business

2 answers:

stiks02 [169]3 years ago

6 0

A tax levied on inherited money is known as an "estate" tax.

An estate tax is a tax imposed on a beneficiary's acquired segment of a domain if the estimation of the estate surpasses a prohibition limit set by law. The estate tax is for the most part forced on resources left to beneficiaries, yet it doesn't matter to the exchange of advantages for an enduring companion. The privilege of life partners to leave any add up to each other is known as the unlimited marital deduction, however when the enduring companion who acquired a domain kicks the bucket, the recipients may then owe home duties if the home surpasses as far as possible.

bija089 [108]3 years ago

4 0

The answer is D
Sorry if I'm not 100%
Correct I tried (๑♡∀♡๑)

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Paraldehyde is an effective cns depressant but is probably not currently used because:

Sonja [21]

The reason why paraldehyde is not currently used is because of its side effects or down sides to the patients using it such as it provides a noxious taste that patients dislikes and it was able to provide an odor with the patient’s breath that isn’t pleasant.

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3 years ago

Advances in information processing and communication are two ways _____ has made the globalization of markets a reality.

Andrei [34K]

Advances in information processing and communication are two ways and Transportation has made the globalization of markets a reality.

Explanation:

The technological change in the world has resulted in Globalization. Globalization made the world shrink based on the three factors.

Information processing advancement, communication, and transportation. Actually, information processing technologies these days are too faster. That, in turn, resulted in instantaneous and enhanced communication.

Also, transportation plays another major role in Globalization which is achieved by air and sea transportation. The improved sea and air transportation have accelerated the flow of goods and people throughout the world.

These factors connected the world in every term such as culture, economy, trading, employment, etc.

7 0

3 years ago

Stanky Company had the following journal entries related to production for the period Work-in-Process 11,500 Raw Materials 11,50

postnew [5]

Answer:

Stanky Company

The amount that would be reported for 'Adjusted' Cost of Goods Sold is:

= $22,045

Explanation:

a) Data and Calculations:

Debit Work-in-Process 11,500

Credit Raw Materials 11,500

Debit Manufacturing Overhead 7,500

Credit Cash and Payables 7,500

Debit Work-In-Process 8,500

Credit Wages Payable 8,500

Debit Work-In-Process 7,200

Credit Manufacturing Overhead 7,200

Debit Finished Goods 24,025

Credit Work-In-Process 24,025

Work-in-Process

Raw Materials 11,500

Wages Payable 8,500

Manufacturing Overhead 7,200

Total $27,200

Finished goods (24,025)

Balance of WIP $3,175

Finished Goods Inventory:

Beginning $1,980

Work-In-Process 24,025

Ending (3,960)

Cost of good sold $22,045

3 0

3 years ago

The following is a condensed version of the comparative balance sheets for Riverbed Corporation for the last two years at Decemb

muminat

Answer:

The preparation of the cash flow statement is presented below:

Explanation:

Riverbed Corporation

Statement of Cash Flows

For the year ended December 31,2020

Cash flows from Operating Activities

Net Income: $328,000

Adjustment to net income is:

Add: Depreciation Expense $34,850 ($217,300 - $182,450)

Add: Loss on sale of Investments $20,500

Add: Decrease in Accounts receivable $10,250 ($369,000 - $379,250)

Less: Decrease in Current Liabilities ($34,850) ($274,700 - $309,550)

Net cash flow from operating activities $358,750 A

Cash flows from Investing activities

Purchase of equipment ($118,900) ($610,900 - $492,000)

Add Sale of Investment $24,600 ($151,700 - $106,600 - $20,500)

Net cash used by investment activities ($94,300) B

Cash flows from Financing activities

payment of dividends ($61,500)

Net cash used by financing activities ($61,500) C

Net Increase in cash $202,950 (A + B + C)

3 0

3 years ago

g a. Provide the journal entry if the investor purchases the assets and assumes the liabilities of the investee company.

iragen [17]

Answer:

Debit : All assets bought at their Fair Value Amounts

Debit : Goodwill (if Payment is greater than Net Assets acquired)

Credit : All liabilities assumed at their Fair Value Amounts

Credit : Method of payment for example cash

Credit : Gain on acquisition (if Net Assets acquired are greater than Payment)

Explanation:

Hi, your question is incomplete, i tried to look for the full question online but i could not find it.

However, below is an explanation to solving the problem.

An acquisition of investee Assets and Liabilities is not a business combination transaction that requires preparation of consolidated financial statements.

A business combination is a transaction or event in which an ACQUIRER obtains CONTROL of one or more Businesses. So, if it is not a business, it is a mere ASSET ACQUISITION transaction.

Thus said, in our question investor purchases the assets and assumes the liabilities of the investee company, this is an Asset Acquisition transaction and not a Business Combination transaction.

The excess of consideration paid over the net assets acquired at fair value is called goodwill and must be recognized. If not the case the excess of net assets acquired over purchase price (gain on acquisition) must be recognized.

Below are the accounting entries to record an Asset Acquisition transaction.

Debit : All assets bought at their Fair Value Amounts

Debit : Goodwill (if Payment is greater than Net Assets acquired)

Credit : All liabilities assumed at their Fair Value Amounts

Credit : Method of payment for example cash

Credit : Gain on acquisition (if Net Assets acquired are greater than Payment)

5 0

3 years ago