Answer: The total value created from the trade is $58
Explanation: The value created by me is $25 as I sold for $70 a bicycle worth $45 to me. That is $70 - $45 = $25.
On the otherhand, my friend created a value/gain of $33. He bought the bicycle for $70 but the worth to him is $103. That is, $103 - $70 = $33
In essence, the total value created will be the summation of the value created by me and that of my friend
That is, $25 + $33 = $58
A stock character is a stereotypical person who often appears in literature. It is a stereotypical character who is characterized by his or her flatness, meaning they are not complicated.
Answer and Explanation:
The computation of the income tax liability for each situation is given below:
a. Tax Liability on Darter Corporation is
= 21% of $68,000
= $14,280
b. Taxable liability On Owl Corporation is
= 21% of $10,800,000
= $2,268,000
c. Tax liability on On Toucan Corporation, a personal service corporation is
= 21% of $170,000
= $35,700
In this way it should be calculated
Answer:
$10,000
Explanation:
Based on the information given about Charlene's the amount of loss from the current year operations that Charlene can tend to deduct under the basis rules will be
$10,000 because the amount of $10,000 which was the adjusted basis in S corporation stock will clears the basis limitation in which the amount of $10,000 can be deducted in the current year. This means that the remaining loss will be put on hold and will not be deductible because of sale of the interest.
Answer:
16,000 units
Explanation:
The computation of the equivalent units of production for materials is shown below:
= Units transferred out × completion percentage + ending work in process units × completion percentage
= 9,800 units × 100% + 6,200 units × 100%
= 9,800 units + 6,200
= 16,000 units
We simply applied the above formula so that the equivalent units of production for material could arrive
