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My name is Ann [436]
3 years ago
9

Caroline and her husband Chris got divorced in May of this year. During the year, Caroline provided all the support for herself

and her 23-year-old child Hans (not a full-time student) who lived in the same home as Caroline for the entire year. Hans earned $29,000 this year. What is Caroline's most favorable filing status for the year?
A. Head of Household
B. Married filing separately
C. Surviving Spouse
D. Single
E. None of the above
Business
1 answer:
nignag [31]3 years ago
5 0

Answer:

D. Single

Explanation:

Divorce eliminates answer options B and C. Hans'age indicates that he is an adult despite his earnings, thus Caroline could not apply as head of household (answer option A).

Single is the most favorable filing status due to she is unmarried and does not qualify for Head of Household.

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A firm has just ended the calendar year making a sale in the amount of​ $200,000 of merchandise purchased during the year at a t
MrRissso [65]
B I THINK IT IS I'M NOT SURE
8 0
3 years ago
Which of the following is true of liquidity? Select one: a. Liquidity metrics include debt ratio, times interest earned, and rat
kompoz [17]

Answer:

c. Liquidity is the ability to convert assets to cash.

Explanation:

The company's level of liquidity deals with the company's level of cash which is usually held to meet current obligations.

The liquidity ratios are ratios that indicate how well and quickly a company can convert current assets into cash for the settlement of current liabilities.

Examples of liquidity ratios include current ratio, acid test/quick ratio , cash ratio and working capital ratio.

6 0
3 years ago
Cor-Eng Partnership was formed on January 2, 20X1. Under the partnership agreement, each partner has an equal initial capital ba
inessss [21]

Answer:

Cor's share of Cor-Eng's 20X1 net income is $60,000

Explanation:

                                Partnership Table

                                               Cor$        Eng$        Total$

Ratio                                         60%        40%         100%

Assets                                  60,000      20,000     80,000

Goodwill                                                40,000      40,000

Initial Capital balance        60,000     60,000     120,000

Add: Net income                  15,000       10,000     25,000

Less: Drawing                      -3,000        -9,000     -12,000

Year End balance                 72,000      61,000    133,000

6 0
3 years ago
Which of the following is true?
pentagon [3]

Answer:

c.Rents occur at the beginning of each period of an annuity due.

Explanation:

First, know the difference between Ordinary annuity and Annuity due.

In Ordinary annuity, recurring payments occur at the end of the payment period; for example at the end of every month, end of ever year , end of every quarter etc.

On the other hand, in the case of Annuity due, the recurring payments occur at the beginning of the period like at the beginning of the month, beginning of the year;Jan 1st, or beginning of every quarter

In the case of rent, tenants pay rent at the beginning of each month making this type of payment an Annuity Due.

3 0
3 years ago
If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years.
SOVA2 [1]
That statement is false.

In order to catch up with rich countries, a country with low income probably need to maintain more than 100% growth rate in about 10 years.
Because if the country only increases its growth rates slightly, the rich countries may grow even further during that period.


6 0
3 years ago
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