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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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Elden [556K]

A system demo should occur After every iteration .

<h3>When should a system demo occur?</h3>

A system demo shows the new features that the system has, as a result of the iteration that it was just put through. This is very helpful in knowing the features that you can use to make the system perform in such a way that your work will be done well.

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6 0
1 year ago
The following information was used in reconciling the bank account for Minerva Company on October 31: Balance per bank, October
Strike441 [17]

Answer: A $37.280.

Explanation:

Adjusted book balance will include those transactions made or charged by the bank for/to the company so will include;

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3 0
3 years ago
What are chemical contaminants
vaieri [72.5K]

Answer:

Chemical contaminants are chemicals toxic to plants and animals in waterways. The phrase 'chemical contamination' is used to indicate situations where chemicals are either present where they shouldn't be, or are at higher concentrations than they would naturally have occurred.

Explanation:

8 0
3 years ago
Most goods and services produced at home a. and most goods and services produced illegally are included in GDP. b. are included
katen-ka-za [31]

Answer:

Most goods and services produced at home are included in GDP while most goods and services produced illegally are excluded from GDP.

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The United states Gross Domestic Product is measured including only the production of legal goods and services within a given year. This means that all goods and services for previous year are not taken into account as well of illegal products or services.

7 0
3 years ago
Read 2 more answers
An organization has a standing order with a supplier. the organization has ordered the same product in the same quantity monthly
evablogger [386]

Answer:

Modified Rebuy.

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So, the correct answer is modified rebuy.

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3 years ago
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