Answer and Explanation:
Liquidating distribution in the problem are made in accordance to the preferred stock.since the activity may not meet the section 322 requirement,the section 322 rules will not apply to the case cited in the problem.This means parents has to recognize a capital loss of $50,000 on the distribution,the capital loss can only be used to offset capital gains.
Under the section 165(g)(3) rules for affiliated cooperation's worthlessness securities,parents can recognize an ordinary loss of $500,000 on the common stock.The ordinary loss can be sued to offset ordinary income.
Answer/Explanation:
<u>Raymond Corporation </u>
Inventory $ $
B/F 250,000
Add: Goods shipped to customers
on Dec. 29, 2021 8,000
Goods on consignment Dec. 31, 2021 <u>35,000
</u>
<u>293,000</u>
Less: Goods shipped/in transit on
Dec. 26, 2021 50,000
Goods shipped to customers on
Dec. 29, 2021 <u>8,000</u>
<u>58,000</u> <u>(58,000)
</u>
<u>235,000</u>
Raymond Corporation Inventory as at Dec. 31, 2021.
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Answer:
In his traditional role Finance
Manager is responsible for
Select one:
a
Running the business smoothly
b
Proper utilisation of the funds
c
Arranmgement of financial
resources
d
Efficient management of cash
Explanation:
In his traditional role Finance
Manager is responsible for
Select one:
a
Running the business smoothly
b
Proper utilisation of the funds
c
Arranmgement of financial
resources
d
Efficient management of cash
Answer:
The two accounts will have the same balance after 41.8 years
Explanation:
Hi, first, let´s intruduce the mathematical expression for the future value of each investment.
$2,000 compounded continously
$11,000 at 4% compounded annually (equivalent to effective annual)
Since the problem is asking when the future value of both investment will reach an equal amount of money, we solve for "t" the resulting expression:
So, this 2 accounts will need 41.8 years to equal their balance. You can check your result by substituting "t" in both equations, they must have the same future value.
Best of luck.
Answer:
Yes
Explanation:
Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term