Which of the following is not included in the typical pattern of behavior for a poverty-stricken person?

zaharov [31]

Answer:

The main advantage of the discounted payback period method is that it can give some clue about liquidity and uncertainly risk. Other things being equal, the shorter the payback period, the greater the liquidity of the project. Also, the longer the project, the greater the uncertainty risk of future cash flows.

8 0

3 years ago

I need an ESSAY about DEDUCTIONS 5 sentence

aleksandr82 [10.1K]

Answer: see explenation

Explanation:

A process of reasoning that moves from the general to the specific, in which a conclusion follows necessarily from the premises presented so that the conclusion can't be false if the assumptions are true. The most common expenses that qualify for itemized deductions include: Home mortgage interest. Property, state, and local income taxes. Investment interest expense.

5 0

3 years ago

Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2021, the company grante

raketka [301]

Answer:

1. $108 million fair value of award

2. December 31, 2021

($ in millions)

Dr Compensation expenses 54

Cr Paid-in capital—restricted stock 54

December 31, 2022

Dr Compensation expenses54

Cr Paid-in capital—restricted stock 54

Dr Paid-in capital—restricted stock 108

Cr Common stock 18

Cr Paid-in capital—excess of par (remainder) 90

Explanation:

Allied Paper Products, Inc

1.

$6 fair value per share x 18million shares granted

= $108 million fair value of award

2. Journal entries

December 31, 2021

($ in millions)

Dr Compensation expense ($108 million ÷ 2 years) 54

Cr Paid-in capital—restricted stock 54

December 31, 2022

Dr Compensation expense ($108 million ÷ 2 years) 54

Cr Paid-in capital—restricted stock 54

Dr Paid-in capital—restricted stock 108

Cr Common stock (18 million shares x $1 par) 18

Cr Paid-in capital—excess of par (remainder) 90

5 0

3 years ago

Tim, who is subject to a 35 percent marginal gift tax rate, made a gift of a painting to Ben, valuing the property at $7,000. Th

kherson [118]

Answer:

The undervaluation penalty is $560

Explanation:

Solution

Under valuation penalty applied when a person valued assets understated to save tax.

The undervaluation reduces the tax and hence comes with accuracy related penalty.

From the example, Tim undervalued the gift of $7,000 which is valued at $15,000 by IRS.

The deduction is undervalued for more than 150% and hence penalty is assessed. this is so because the income tax valuation is lower than 40%, so the penalty rate is 20%

Thus,

The calculation of overvaluation penalty is given below:

Undervaluation = $8000

Tax rate = 35%

Tax amount = $2,800

Penalty rate = 20%

Penalty on undervaluation is =$560

Therefore, the undervaluation penalty is $560

5 0

3 years ago

On september 1, ziegler corporation had 50,000 shares of $5 par value common stock, and $1,500,000 of retained earnings. on that

siniylev [52]

This transaction is what?

5 0

3 years ago