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marshall27 [118]
3 years ago
6

Chocolates R' Us, Inc is owned equally by Desi and his wife Lucy, each of whom hold 550 shares in the company. Lucy plans to red

uce her ownership in the company, with the company planning to redeem 475 of her shares for $10,000 per share on December 31 of this year. Assume Desi and Lucy are not getting along and have separated due to marital discord, but are not legally separated. Because they no longer talk to each other, they communicate only through their accountant. Lucy wants to argue that she should not be treated as owning any of Desi's stock in Chocolates because of their hostility toward each other. Can family hostility be used as an argument to voice the family attribution rules?
Business
1 answer:
soldi70 [24.7K]3 years ago
3 0

Answer:

Chocolates R' Us, Inc.

Family hostility cannot be used as an argument to void the family attribution rules.

Lucy is still legally married to Desi.  What the husband, Desi, therefore, owes, she owes equally despite their separation and her intention to reduce her ownership in their joint company.

Explanation:

Family Attribution Rules:  Section 318 of the Internal Revenue Code says an individual shall be considered as owning the stock owned, directly or indirectly, by or for his spouse and his children, grandchildren, and parents, including legally adopted children.

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15. The Eller Mutual Fund had a Net Asset Value (NAV) per share of $17.50 on January 1, 2019. On December 31, 2019 the fund’s NA
klio [65]

Answer:

The rate of return is 21.26%

Explanation:

Before calculating the return in percentage terms, it would be more appropriate to start with computing the return on the mutual fund in dollars ' terms.

Return in dollars terms;

Net Asset Value on 31 December 2019              $19.47

less

Net Asset Value on 1 January 2019                    ($17.50)

return  on NAV                                                      $1.97

Add:

Income distributions                                             $0.75

Capital gains distributions                                     $1.00

Total return on mutual fund                                   $3.72

Rate of return=total return mutual fund/Opening net asset value

rate of return =$3.72/$17.50

                       =21.26%

7 0
3 years ago
John told his sister Susan that money must be able to pass from hand to hand without being easily destroyed. John is describing
WITCHER [35]

Answer:

B) Durable

<u>Multiple-choices</u>

A) Portable                                                                                                                                                                                                                                                    B) Durable

C) Divisible

D) Acceptable

Explanation:

Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period.  Printing of money is an expense. To save on this cost, both notes and coins should be made durable.

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3 years ago
Money received for work is/are _____. wages expenses taxes mean salary
Citrus2011 [14]
Correct Answer:
Wages

Wages are the compensations or the amounts that are paid by an employee or the boss to the employer for doing some labor or work. The fourth option is Mean Salary. Mean salary is defined as the average salary of entire working population of a nation.Therefore, the answer to this question is Wages. The money received for work is wage. 
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Let r and s be relations with no indices, and assume that the relations are not sorted. Assuming infinite memory, what is the lo
OlgaM077 [116]

Answer:

Explanation:

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