Answer:
Puffin’s E & P after taking into account the distribution of the car is $6,000.
Explanation:
E & P will be decreased by the higher of the adjusted basis or the fair market value of the distributed property, net of any liabilities. The distribution losses will not be taken into consideration when determining E & P. Thus the current E & P of Puffin’s $30,000 is reduced by $24,000 ($30,000 basis of the car minus the liability amount). The remaining after the distribution current E & P will be $6,000.
Therefore, Puffin’s E & P after taking into account the distribution of the car is $6,000.
I would do the things I remember. and next time I will secretly record it
Answer:
The correct answer is: The fallacy of composition.
Explanation:
The fallacy of composition refers to the usually mistaken idea that an individual has in which because a component of a whole is a certain way, the whole is that very certain way, too. The fallacy of composition is a simplified, subjective generalization that individuals come up with where there is not enough proof that the statement being provided is real.
Thus, <em>as George believes Lillian is arrogant because she is part of the LGP groups and George has met previous LGP members who are arrogant, he is assuming all LGP members are arrogant. George has fallen into the composition fallacy.</em>
Answer:
A falling real interest rate but higher net exports.
Explanation:
An easy monetary policy is a policy in which the interest rates decrease in order to increase the money supply and when interest rates are lower, there is an increase in spending and on net exports. Also, a flexible exchange rate is when the system allows the events on the market to determine the exchange rate.
According to this, the answer is that if the government follows an easy monetary policy and the exchange rate is flexible, the result will likely be a falling real interest rate but higher net exports.
