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Travka [436]
3 years ago
13

A taxpayer will be able to exclude all the income from their canceled debt if they:

Business
1 answer:
liq [111]3 years ago
4 0

Answer:

Option B is correct

Explanation:

This is because debt owed is higher than his debt canceled, which makes him qualified for insolvency exclusion which means that all canceled debt income is not included in the taxable income.

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Who are the best candidates for members of the BPA? And this is for Careers!! Check all that apply
Tpy6a [65]
B. <span>Brenna wants to have a career in computer-related work.
D. </span><span>Cody wants to manage a company’s office</span>
8 0
3 years ago
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Carol Byrd gets a student rate of $30.00 a month. There is a $250 deductible; but no coinsurance payment. She recently received
Elden [556K]

Answer: Company Pays $1640

Carol Bryd pays $410

Explanation:

The total bill is $2300 and the deductible needs to be taken out.

$2300-$250

=$2050

Company Payment.

Company Pays 80% which translates to 0.8

0.8*2050

= $1640 is the company Payment.

Carol then pays the difference which is

$2050 - $1640

= $410

Carol pays $410

6 0
3 years ago
Divisional income statements do not have to follow generally accepted accounting principles (GAAP) because they are internal rep
jeka57 [31]

Answer:

TRUE

Explanation:

A divisional income statement as the name implies it talks about a summary of the revenue generated in a particular unit within a business enterprise after removing the divisional costs in the same particular unit. Divisional income statements are internal reports so they do not have to follow generally accepted accounting principles (GAAP) as the statements generated are done within an organization. The Generally Accepted Accounting Principles are rules, codes of conduct set by a financial regulating body to make business enterprise, corporate accounting do the right thing whenever they are publishing their financial reports and statements.

6 0
3 years ago
In what context(s) are intercultural communication skills and understanding most valuable
salantis [7]

Answer:

People working in multi national companies.

People working across countries.

Explanation:

Example of people that use this skills are people that work at embassies, United nations, international flight companies. All this people need to have skills, knowledge, understanding and empathy to communicate interculturaly.

8 0
3 years ago
The Shaffer Auto Company has purchased a large parcel of land forâ $1 million. The company recently discovered that the land is
dolphi86 [110]

Answer:

O D $0

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Since the land is worthless, there is no next best use of the land. Thus, its opportunity cost is zero.

I hope my answer helps you

6 0
3 years ago
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