Answer:
c) Sally is taxed on the value of the football tickets even if she cannot attend the game.
Explanation:
In this situation Tickets are exchanged for services performed.
This is a payment in-kind. It uses a good or service instead of cash.
It is a form of compensation and so, the employee tax status is that the ticket is taxable income, as the ticket are equivalent to cash in this case.
I assume that the donut is very good
Answer:
The correct answer is $0
Explanation:
Solution
An Impairment loss recognized when a book value of reporting company is more than its fair value, In the given example, the book value is not more than its fair value or higher than the value, hence the amount of the impairment loss that Antle Inc would record for goodwill at the end of 2021 is: Impairment loss is $0
Answer and Explanation:
The computation of the reserve requirement is given below;
Required reserves is
= Deposits - loans - excess reserves
= $400 - $362 - $6
= 32 million
And,
Required reserve ratio is
= Required reserves ÷ Deposits
= 32 ÷ 400
= 8%
In this way, it should be determined so that the correct value & percentage could come
