Answer: Loss from sale of Zinco stock = $10,000
Explanation:
Given that,
Conner purchased 300 shares of Zinco stock for $30,000 in 1994
On may 23, 2013 conner sold all the shares to his daughter for $20,000
This clearly shows that conner incurred a loss of $10,000 from selling it to his daughter.
Hence,
Loss of $10,000 should be deducted from sale of zinco stock in 2013.
Answer:
C. Under-capitalized
Explanation:
Tier Capital/Risk-weighted assets = (90 million + 70 million)/2,017.6 million
= 7.93%;
Tier 1 Capital /Risk-weighted assets = 90 million /2,017.6 million
= 4.46%;
Tier Capital/Total assets= (90 million + 70 million)/2,522 million
= 6.34%.
The first ratio puts the bank in the undercapitalized zone.
<span>A. </span>True. Based on the history of marijuana and other cannabis products, Marijuana was the number-one
cash crop in the united states prior to 1890. Marijuana is a depressant and does not contain nicotine. It is a schedule I controlled substance,
according to U.S. federal regulations where there is approximately 77%
of illicit drug users smoke marijuana. The use of marijuana for medicinal
purposes is illegal in the U.S but legal in Canada. The "reverse
tolerance" turns out to be due to variations in the manner in which the drug is ingested is one of the long-term effect of
Marijuana.
