Answer:
The correct answer is Both of the above (A and B).
Explanation:
The CAFR is made up of a group of financial statements that must be reported to local authorities and are reviewed by AICPA certified auditors. This document contains all the budget information from previous years and those that are projected to be completed within the following year, using simple language in order to achieve an easy understanding of the principles applied in its construction.
Answer and Explanation:
a) if the company distributes cash of $600,000 to Lori, it will have to reduce its E&P by $600,000. Also, Lori will have to recognise a dividend income of $600,000 and she would have an adjusted basis of $600,000 . Moreover, she would become the only shareholder in the company. As far as Robert is concerned , he would have to recognise a capital gain of $600,000(Distribution of stock) - $85,000 (Basis in stock) = $515,000
b) if Swan Corporation redeems all of Robert’s shares for $600,000, then Robert would again have to recognize a capital gain of $600,000(Distribution of stock) - $85,000 (Basins in stock) = $515,000. As in the previous case, Lori would become the only shareholder. As far as the company is concerned, it would have to reduce its E&P by $500,000 [$1,000,000 (E&P) X 50% (redeemed interest)].
Answer:
The correct answer is option (C) $ 1,750
Explanation:
Given data:
Amount received from corporate bond = $ 2,200
Amount received from a savings account = $ 600
Thus, the total income = $ 2,200 + $ 600
or
The total income = $ 2800
Now,
the standard deduction for the person claimed as dependent's on another's tax return = $ 1,050
Hence, the total taxable income = Total income - standard deduction
or
the total taxable income = $ 2,800 - $ 1,050 = $ 1,750
Hence, the correct answer is option (C) $ 1,750
Answer:
1. True
Explanation:
Both investors' portfolios are equally risky (they are both twice as risky as the market). If any of them invests in stocks with a beta = 1 (market beta), then their portfolio's risk would reduce since the total beta would move towards the market risk. For both of them, the more stocks with beta = 1 that they add to their portfolio's, the more the portfolio's risk will reduce.
Answer:
Billy will be Zero (0) snowboard
Explanation:
Billy won't be buying any snowboard because Billy's willingness to pay for one snowboard is $250 and for a second snowboard is $400, both of which are under the prevailing market price of $500. If Billy wants to get the snowboard, he must be willing to pay the market price if $500. With him not willing to pay that amount, Billy would not buy any snowboard.