Answer:
a. long-term capital gain.
Explanation:
A 1031 exchange allows investors to delay paying taxes when they swap like-kind properties. The basis of this property will start on January 1, 2019, the date the first property was acquired. If the investor sold the property on February 1, 2020, more than a year passed, so this should be taxed as a long term capital gain.
Answer:
Goodwill
Explanation:
Goodwill is an intangible asset, reported on the balance sheet asset side. It is used yearly for the impairment tests.
When the company purchase another company and its purchase price is more than the fair value of the net asset so the excess amount would be called as a goodwill
The fair value of the net asset is come from subtracting the
= Company assets - company liabilities
These transactions would be recorded in the <span>non-cash investing and financing activities. Since this that does not directly affect the cash on hand, instead, the</span> issuance of common stock to retire long-term debt is done.
Answer:
His firm's DPMO is 12,083
Explanation:
The computation of the DPMO is shown below:
= (Total complaints ÷ total number of defects opportunity) × 1 million
where,
Total complaints = Shrinkage complaints + poor quality complaints + wear off complaints + fitting issue complaints
= 22 + 16 + 12 + 8
= 58 customers defects
And, the total number of defects opportunity would be equal to
= Number of t-shirts sold × number of possible complaints
= 1,200 × 4
= 4,800
Now put these values to the above formula
So, the value would be equal to
= (58 ÷ 4,800) × 1,000,000
= 12,083
True, it’s a good idea because it helps protect your home and other assets
