Based on the given statement above, if the member is engaged
to prepare an income tax return, he or she is likely to make the tax to be at
its legal minmum as this is the standard required for the member to give out or
deliver when asked of preparing the income tax return. The legal minimum is the
smallest limited amount that they should provide in the income tax return that
they should prepare of.
Answer:
B. $300,000
Explanation:
The computation of the reduction of retained earning amount is shown below:
= Number of shares of common stock × stock dividend percentage × market value
= 1,000,000 shares × 6% × $5
= $300,000
Since the dividend amount is adjusted while computing the ending balance of retained earning balance and the same is to be considered in the computation part.
All other information which is given is not relevant. Hence, ignored it
Tragic flaw is a literary device that can be defined as a trait in a character leading to his downfall, and the character is often the hero of the literary piece. This trait could be the lack of self-knowledge, lack of judgment, and often it is hubris (pride).