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Harlamova29_29 [7]
3 years ago
13

_____ is granted by suppliers when they ship materials, parts, or goods to a firm without requiring immediate payment.

Business
1 answer:
vladimir1956 [14]3 years ago
4 0
Trade credit is the answer i believe
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Ashley (a single taxpayer) is the owner of ABC LLC. The LLC (which reports as a sole proprietorship) generates QBI of $900,000 a
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Detailed solution is given below in tabular form:

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David, an Alabama resident, files suit in an Alabama court against QuickAds, an internet company based in Georgia that provides
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B) not likely to have jurisdiction over the case because QuickAds is based in Georgia.

Explanation:

US laws do not recognize the legal existence of foreign or out of state companies, a company only exists in the state at which it was chartered. Although the internet has complicated things, since boundaries have faded, but some conditions must be met before a state court can serve a foreign company.  

For a foreign company to be served by a state court, it must carry on “continuous and systematic” affiliations with residents of the state which makes them “essentially at home”. The company's operations must be substantial enough to make the company at home, i.e. it must carry a significant amount of business within the states boundaries.

Apparently this is not the case with QuickAds, so Alabama state courts will not have jurisdiction over it.

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3 years ago
Material participation standards for shareholders of Subchapter S corporations, who are individuals, include those who during th
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Answer:

The correct answer is letter "D": participated in business activities for more than 100 hours during the tax year and the participation was not less than the activity of any other individual's during the tax year.

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Material Participation Tests are principles the Internal Revenue Service (IRS) considers at the moment of qualifying an individual as being part of an income-producing activity. There are seven (7) tests taken into consideration by the IRS but only one requirement is necessary for qualification. Among them, test three (3) states that <em>an individual qualifies if that person was involved for more than 100 hours and not less than any other individual in the firm</em>.

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3 years ago
A driver cuts off another vehicle, or threatens another motorist or a pedestrian. these are examples of:
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When someone is driving a car or even a motorcycle and is cut off by another vehicle, it can cause an accident. Another result could be one or both drivers threatens the other person or even a pedestrian that was involved. These are examples of "road roage."
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What are advantages of books of prime entry​
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It is easy to post transactions to the ledger accounts after recording them in the prime entry books.

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Minimize accounting errors and it is easy to find out such errors.

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8 0
2 years ago
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