True, rationing is the selling of scarce goods or services in events such as war. Items are distributed in fairness to each citizen and they have to take a ration book to say what they have or haven't had and how much of it they have had.
Answer: Has the same basis to the donee as the donor's adjusted basis if the donee disposes of the property at a gain.
Explanation:
For a gifted property, it should be noted that the tax basis for a donee that is, the person who gets the gift will be identical to that of the donor, this is, the person that donates the gift in cases whereby the property is gotten as a gift.
Therefore, a gift property disregarding any adjustment for gift tax paid by the donor will have the same basis to the donee as the donor's adjusted basis if the donee disposes of the property at a gain.
Answer:
The maximum amount that should be paid for one share of this stock today is $15.29
Explanation:
The price of a stock which pays a constant dividend forever can be calculated using the zero dividend growth model of the Dividend Discount Model (DDM) approach. The DDM values a stock based on the present value of the expected future dividends from the stock discounted using the required rate of return on stock.
The formula for price under zero growth model of DDM is,
Price today (P0) = Dividend / required rate of return
P0 = 2.4 / 0.1570
P0 = $15.286 rounded off to $15.29
Answer:
Following are the responses to the given question:
Explanation:
- In point a, it is false because the ownership of a stock owned by shareholders is directly adaptable by sale.
- In point b, it is false because the corporate bosses have no responsibility. A corporate company is an organization
- In point c, it is true because This company is going on a broad-based business. Its necessary capital is enormous but is obtained from three sources.
- In point d, it is true because the company money is calculated twice in normal conditions, except for where tax-deductible is declared for both the dividends in shareholders' hands.
- In point e, it is true because Its company's legality is distinct from those of its owners. That both companies, as well as the owner, are separate legal entities. Firms have a common seal as well as their titles.
- In point f, it is false because UNLIMITED was its life of corporates and the foundation of the 'Moving Concern' idea.
- In point g, it is true because the actual owner isn't a business agent. They're only the owner that gives money.
Answer:
see below
Explanation:
Liabilities are recorded on the left-hand side of the balance sheet. They are classified as current and long term liabilities. Current liabilities are due within one year, and long term liabilities are payable in future financial periods
Liabilities
Current liabilities
Accounts payable
Short term loans <u>$31.4</u>
Total current liabilities $31.4
Long liabilities
Long term debts <u>$9.2</u>
Total long liabilities $9.2
Total liabilities $40.6
