Answer:
$0
Explanation:
There is a provision that if the tax received on the money with respect to the valuation of the property is more than the $14,000 the same is to be taxable
Since there is $14,000 worth so no tax collection could be made on the gift amount
If the gift amount exceeds $14,000 the same is to be taxable
So the gift tax in 2016 would be $0
Net public debt is gross public debt minus the portion that is held by government agencies
Public debt is the total amount borrowed by the government, including all obligations, to meet its development budget. It must be paid out of the Consolidated Fund of India. The term "debt obligations" is also used to describe the total liabilities of the federal and state governments, even though the Union government expressly distinguishes its financial obligations from those of the states.
The ability of the government to issue debt has been crucial in the development of states. Public debt has been linked to the establishment of democracy, private financial markets, and modern economic expansion..
Learn more about public debt here:
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Answer and Explanation:
The journal entry to record the cash sales is shown below:
Cash $82,680
To Sales $78,000 ($82,680 × 100 ÷ 106)
To Sales taxes payable $4,680 ($82,680 × 6 ÷ 106)
(Being the cash sales is recorded)
Here cash is debited as it increased the assets while on the other hand the sales and sales tax payable is credited as it increased the revenue and liability
Answer:
B) an implied warranty of fitness for a particular purpose.
Explanation:
Sigrud bought spiked mountain climbing shoes, so she could reasonably expect that the shoes would be useful when climbing a mountain. The fact that the spikes came out while she was on the mountain side, isn't exactly what she was expecting when she purchased them. If you buy something that is supposed to satisfy an specific need or purpose, the seller is providing an implied warranty that the good will actually be fit to satisfy that specific need or purpose.
Answer:
C) . Equipment used for supplying electric power to residents 1,250,000
Explanation:
