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Dvinal [7]
3 years ago
12

Penguin LLC operates a large apparel store with several employees and substantial debt. Each LLC member is active in the busines

s and receives compensation from the LLC. The LLC invests its excess cash in government and corporate bonds, blue chip stocks, and a global mutual fund. It owns property that is subject to accelerated depreciation. What types of information must Penguin accumulate and report on its Schedule K
Business
1 answer:
Olin [163]3 years ago
3 0

Answer:

Penguin LLC

The types of information  that Penguin LLC must accumulate and report on its Schedule K include information on each partner's income, losses, deductions, credits, dividends received from other investments.  Penguin LLC is expected to submit this schedule with the detailed information as specified while each business partner in Penguin LLC, a partnership or S corporation collaborates the information by filling their own K-1.

Explanation:

The purpose of Schedule K and K-1 is to report each partner's share of the partnership's earnings, losses, deductions, and credits to the US Internal Revenue Service.

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A ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
Ksju [112]

Answer:

monetarist approach                            

Explanation:

Monetarism relates to the school of thought that prioritizes the function of government agencies in regulating the number of resources in circulation in monetary economics. Monetarist theory argues that differences in the currency supply have significant short-term and longer-term impacts on federal output and price rates.

If a country's money supply decreases, business activity will rise, as per monetarist theory; the opposite is also correct. The monetarist philosophy is driven by a standard equation, MV= PQ, in which M will be the money supply, V is just the pace and P refers to the price of commodities, and Q is the sum of commodities.    

5 0
3 years ago
The proprietorship form of business organization Question 5 options: must have at least two owners in most states. generally rec
-Dominant- [34]

Answer:

generally receives favorable tax treatment relative to a corporation.

Explanation:

The sole proprietorship is the business organization in which the business is controlled by single person only. The business records would be separated with the owner personal records in this type of business also it would not be classified as a separate legal entity just like corporation

But in this it received the favorable tax treatment as compared with the corporation

8 0
3 years ago
Which component of table setting would include the wineglass?
lozanna [386]
The wine glass goes on the left
6 0
2 years ago
The anticipation of the first blooms of spring flowers is one of the joys of april. one of the most beautiful is that of the jap
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3 years ago
When a person receives an increase in wealth, what is likely to happen to consumption and saving?
Arturiano [62]

When a person receives an increase in wealth, Consumption increases and saving decreases

Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.

Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.

To learn more about consumption here,

brainly.com/question/14975005

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8 0
2 years ago
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