Answer:
The answer is: Logan has priority.
Explanation:
Priority is always given to the party that files it first. In this case, Logan and Burt signed a security agreement on January 2 and a financing statement on January 3 that was filed by Logan.
On January 4, Burt sold his ring to Tiilo, but he did it after Logan filed the statement.
Answer:
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A municipal bond can be defined as a type of bond that is typically issued by a municipality, county, local government or state in order to finance or sponsor capital expenditures for the public such as water supply, construction of roads, etc.
Hence, the primary advantage to municipal bonds is that interest income received on this type of bond is not taxed by the federal government.
She is permitted, according to the applicable tax legislation, to donate $30 000.
This is further explained below.
<h3>How much can Sue's mother give under current tax laws?</h3>
In most cases, Sue's mother is able to pay Ken the first fifteen thousand dollars and then proceed to give Sue the remaining fifteen thousand dollars. Because Sue's mother gave this to her, there will be no tax placed on it because it is considered a gift.
The act or process of passing tax laws, as well as the body of laws that allow for the levying of taxes and the administration of taxes, are together referred to as tax legislation.
Any object or document that is verifiable and that is frequently accepted as payment for goods and services as well as the repayment of obligations, such as taxes, in a given nation or socio-economic setting is considered to be money in that nation.
In conclusion, Sue's mother and father could give Ken and Sue a gift of $15,000 each, bringing the total amount of money they give to each of them to a grand total of $60,000 each.
Read more about tax laws
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Answer:, $27 per share
Explanation:
GIVEN THE FOLLOWING ;
Original Cost of stock per share = $26
Date purchased = 9th June
12th June, Stock sold at = $23 per share
On 30th June, Repurchasement cost = $24 per share.
Loss on stock = original cost of stock per share - sales price of stock
Loss on stock = $26 - $23 = $3
The customer in this case sold his stock at a loss and repurchases a similar stock within 30 days. This is called a washout sale and in this case, the loss incurred on the sold stock is added to the cost basis of the new stock purchased.
Repurchased price = $24
Loss on sold stock = $3 per share
Therefore, customer cost basis =
$24 + $3 =$27 per share.
The <span>agency which enforces truth in advertising laws and defines deceptive and unfair advertising practices is the FTC, or the Federal Trade Commission </span>
