When a qualified plan starts making payments to its recipient the gains are taxable. Gains are the profit/return that are made from an investment. A gain can be something you make from a sale or or inheritance. Gains are typically taxed in a higher tax bracket as well.
They being to fear things that could happen in real life.
Answer:
a) legal promise to repay a debt.
Explanation:
A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.
The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.
Answer:
True
Explanation:
An auction is defined as a public sale of properties that considers bids from prospective buyers.
The highest bidder eventually makes the purchase.
The auctioneer calls for bids and when there is an unchallenged bid he pounds the gavel to indicate the item has been sold.
The auctioneer is the seller himself of am agent representing him.
At the start of the auction the seller sets a minimum price before bidding commences
Answer:
B. Leary's total stockholders' equity decreased $115,000.
Explanation:
When a company purchases its previously issued stocks, this is called Treasury Stocks. These becomes stocks issued but not part of the outstanding stocks and are not included in the computation of Earnings Per Share. When Treasury Stock is presented in the Stockholder's Section of the Balance Sheet, this is deducted from the total Stockholder's Equity, notwithstanding the par value of the common stock.
