Answer:
a. Lisa's realized and recognized gain or loss is unknown
b. Alfred's recognized gain of $71,340 if he subsequently sells the property for $261,580
Alfred's recognized loss of $35,670 if he subsequently sells the property for $154,570
Explanation:
a. We do not know the amount Lisa costed to buy this business property, thus can't define her gain or loss.
b. Alfred cost $190,240 to buy this property, the he will gain if sell higher or lost if sell lower.
The gain $71,2340 = selling price $261,580 - cost $190,240
The loss $35,670 = selling price $154,570 - cost $190,240
The periodic rate for this card is 12 month period.
<u>Explanation:</u>
APR is short for Annual Percentage Rate, which is the intrigue you're charged over a year time span. For example, a card with 24% APR costs 2% every month on balances that you convey from month to month.
Whatever rate is charged on the credit card is for a period of twelve months which is a period for a year. The interest rate is the cost for using the amount of credit which has been offered by the bank to the owner of the credit card.
Answer:
S corporation
Explanation:
An S corporation is a form of corporate business ownership. It is a small corporation been allowed to register as S corporation after meeting requirements set out by the internal revenue code. The shareholders in an S corporation has the advantage of avoiding double taxation.
S corporations are taxed the same way as partnerships. In a corporation, the business and the shareholder have to file separate income tax returns. An S corporation is allowed to pass its income as the income of its shareholders for taxation purposes.
The answer to this question is: Risk
In most cases, something that give the potential reward of time, money, and reputation will also possess the risk of losing that same thing at the same degree. This principle will often used by investors to choose which portofolio that they want to pursue with their capital.
Answer:
See attached picture for detailed answer.
Explanation:
See attached picture for explanation.