Answer:
Decrease
Explanation:
Fiscal policy is an important policy tool which is used by the government to account for revenue and expenses. During a boom stage, when the economy is improving the government implements more taxes. Similarly, in a recession period, where economic growth is negative an expansionary discretionary fiscal policy is applied. In this type of fiscal policy, taxes and government expenses both are concentrated to remove the pressure.
Answer:
$127,700
Explanation:
Bramble Corp stockholders’ equity section of the balance sheet
Stockholders’ equity
Paid-in Capital
Capital Stock
Common Stock 59,950
Additional Paid-in Stock
Paid-in Capital in Excess of Par Common Stock 33,400
Total paid in Capital 93,350
Retained Earnings 47,000
Total paid in Capital and Retained Earnings 140,350
(93,350+47,000)
LessTreasury Stock 12,650
Total Stockholders’ equity 127,700
(140,350-12,650)
GMC. Except GMC now also says "We are professional grade" as well
Answer:
$63,500
Explanation:
Calculation to determine Jerry's adjusted basis in his partnership interest at the end of the year
Using this formula
Partnership interest adjusted basis =Partnership interest+Cash contribution+Long-term capital gain+Qualified dividends -Reduction in partnership debt -Non-deductible expenses-Reported an ordinary loss
Let plug in the formula
Partnership interest adjusted basis=$42,000+ $28,000 + $4,800 + $3,800 - $5,800 - $2,300 - $7,000
Partnership interest adjusted basis = $63,500
Therefore Jerry's adjusted basis in his partnership interest at the end of the year will be $63,500
