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Dimas [21]
2 years ago
12

To what extent is debt cancelled in a personal bankruptcy taxable as cancellation-of-debt income

Business
1 answer:
Aleksandr-060686 [28]2 years ago
4 0
From what I know, when the company files for bankruptcy.
You might be interested in
i. Lawyers are changing their pay structures. It used to be that they would bill hourly (top dollar for top lawyers, less experi
Kamila [148]

Answer:

Prominent conjoint analysis is said to be the only thing that I would recommend to the law firming order in order to ensure that the order has proceed fairly and as well as profitably .

Due to the fact that this method of payment is said to offers different prices for different projects to both the top lawyers and the less experienced help.

Explanation:

The mode of payment that lawyers have made had turned to be the best and most interesting mode of payment structures, because before reading the above article I was not actually aware of the payment strategy to be in paying most individuals due to the fact that the most prominent conjoint analysis is said to be the only thing that I would recommend to the law firming order in order to ensure that the order has proceed fairly and as well as profitably .

Due to the fact that this method of payment is said to offers different prices for different projects to both the top lawyers and the less experienced help.

6 0
2 years ago
The present value of the following cash flow stream is $8,250 when discounted at 8.7 percent annually. What is the value of the
nikklg [1K]

Answer:

The question is not complete,find attached complete question.

The missing cash flow is $2,901.77  

Explanation:

In order to calculate the missing cash flow, I discounted the other cash flows given to present values using the formula PV=FV/(1+r)^n as is it in  the attached spreadsheet.

Thereafter , I equated the present values to the total present value of $8250 given using X for the unknown cash flow, by solving this equation I arrived at the present value of the missing cash flow .

Finally, I multiplied the present value of the missing cash flow with its discounting factor of  1.1816  , hence I arrived at the missing cash flow of $ 2,901.77  

3 0
3 years ago
Assume that a new project will annually generate revenues of $2 million. Cash expenses including both fixed and variable costs w
Mashcka [7]

Answer:

Cash flow from operating activities 992,000

Explanation:

revenue                 2,000,000

expenses                  800,000

before tax income 1,200,000

tax rate 34%         <u>   (408,000)  </u>

Net Income              792,000

Non-monetary

depreciation           200,000

Cash flow from operating activities 992,000

To solve this we use the indirect method.

We will calculate the net income as usual and once we got there, we remove the non-monetary expeses or revenues.

Always, the depreciaton must be removed.

The depreciation is an accounting tool to distributethe cost of fixed assets during time, it do not represent an actual cash disbursement.

This means our cash flow is greater than net income by this amount.

8 0
3 years ago
Which of the following actions can be an example of a signal designed to reduce the impact of asymmetric information? A. A money
VladimirAG [237]

Answer: Option (A) is correct.

Explanation:

From the given options, the following actions can be an example of signal designed to reduce the impact of asymmetric information: <em>Money-back guarantee.</em>

A money-back guarantee can be referred to as an essential that guarantee, if a consumer/individual is not satisfied with commodity or service, refund to the respective account will be made. Money-back guarantee reduces the impact of asymmetric information between a consumer and seller.

5 0
2 years ago
Which job is categorized as professional and would most likely earn a salary?
Serggg [28]
If there are any choices please do tell.
But for me, I would go with being a teacher.

3 0
3 years ago
Read 2 more answers
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