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kompoz [17]
3 years ago
6

Under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test als

o provides that the business must be able to determine the amount of the liability with reasonable accuracy.1. True2. False
Business
2 answers:
IgorC [24]3 years ago
8 0

Answer:

TRUE

Explanation:

It is true that under the all-events test, in addition to specifying that all events to establish the liability must have occurred, the test also provides that the business must be able to determine the amount of the liability with reasonable accuracy

Under Sec. 461(h), a three-prongall-events test is met when

(1) all events have occurred that establish the fact of the liability;

(2) <u>the amount of the liability can be determined with reasonable accuracy</u>; and

(3) economic performance has occurred.

Arte-miy333 [17]3 years ago
7 0

Answer:

True

Explanation:

An All-Events test a test under U.S. federal income tax law that states all events fixing an accrual-method, taxpayer's right to receive income, or incur expense must occur before the taxpayer can report an item of income or expense. An all-events test is said to be met when :

(1) All events have occurred that fix the fact of liability; and

(2) The liability can be determined with reasonable accuracy.

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Marla is a buyer at a major corporation. Although she is authorized to make purchasing decisions on her own, she often seeks the
stiv31 [10]

Answer:

Consultative

Explanation:

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4 0
2 years ago
The brick position that is used most in laying walls is the
vitfil [10]

Answer:

D) Stretcher

Explanation:

This is the most common layout in modern buildings, as that is where the bricks themselves have a support structure. The stretcher layout is much less strong that other layouts - but bricks are not often used for strength.

4 0
3 years ago
Glendale Paving currently has 120,000 shares of stock outstanding that sell for $54 per share. Assume no market imperfections or
emmasim [6.3K]

Answer:

The new price will be $38.57.

Explanation:

The initial price of 120,000 outstanding shares is $54.

There are no market imperfections or taxes.

The firm declares a dividend of 40%.

The new share price will be

= Initial\ price\times(\frac{1}{1+ dividend} )

= 54\times(\frac{1}{1+0.4} )

= 54\times\frac{1}{1.4}

= 54\times0.71

= $38.57

5 0
3 years ago
At the beginning of the recent period, there were 960 units of product in a department, 35% completed. These units were finished
schepotkina [342]

Answer:

Using the weighted average method, the equivalent units produced by the department were:

= 5,500 units.

Explanation:

a) Data and Calculations:

                                         Units    Conversion

Beginning inventory          960         35%

Additional units started 5,200

Units available                6,160

Ending inventory              880

Units completed           5,280

Equivalent units of production:

Units completed          5,280         5,280 (100%)

Ending inventory            880            220 (25%)

Equivalent units of production      5,500

4 0
2 years ago
Name the three general methods of title assurance and briefly describe each. Which would you recommend to a friend purchasing a
Digiron [165]

Answer:

The three general methods of title assurance are as follow:

  1. General Warranty Deed: In this method, the grantor warrants that the title he/she conveys to the property is free and clear of all encumbrances, besides those ones which are specifically listed in the deed.
  2. Special Warranty Deed: This method makes the same warranties as a general warranty deed except that it limits their application to defects and encumbrances which occurred only while the grantor held title to the property.
  3. Quitclaim Deed: This method offers the grantee the least protection in that it simply conveys to the grantee whatever rights, interests, and title that the grantor may have in the property. No warranties are made about the nature of these rights and interests or of the quality of the grantor's title to the property.
  • Recommendation: I'll recommend the General Warranty Deed, because it offers the most comprehensive warranties about the quality of the title.
5 0
3 years ago
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