Answer:
The correct answer is option c) payments are made by check. Control of cash disbursement is generally more effective when payments are made by check..
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The production possibility curve shows the different combination for output that can be produced from the resources and technology.
<h3>What is a PPC?</h3>
It should be noted that a PPC is simply a graph that's used to show the different combination for output that can be produced from the resources and technology.
In this case, the points show how much of the goods van be produced. Point E means underutilization.
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Given the situation described above, Alma will be able to cast <u>50 votes</u>.
This is because common stock gives voting rights to shareholders. And given that Alma has 50 shares of common stocks. Therefore, he would be able to cast 50 votes.
On the other hand, preferred stocks give no voting rights to shareholders.
However, preferred shareholders have preference over a company's revenue or earnings, which implies that they are paid dividends before common shareholders.
Hence, in this case, it is concluded that the correct answer is "50 votes."
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Answer:
$17,000
Explanation:
Leker's Old Property Adjusted Tax Basis = $20,000
To calculate the new basis, subtract the $3000 recieved in cash from the new property.
New Tax Basis; $20,000-$3,000= $17,000
The transaction of Leker to exchange a real property for another led to a loss: Meaning a Property of $20,000 was exchanged for a property of $10,000+ $3,000 (cash)= $13,000
The Loss on the transaction= $20,000- $13,000= $7,000
Due to the loss no gain is recognized and the $3000 will reduce the basis for his new asset.
