Answer:
$241,500 (Understated)
Explanation:
Calculation for how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022
Retained earnings = $121,000 (Understated) + $200,000 (Understated) - $79,500 (Overstated)
Retained earnings = $241,500 (Understated)
Therefore by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022 will be $241,500 (Understated)
Answer:
<em>Confidentiality duty to Kim has been violated by Greg</em>.
Explanation:
Remember Greg is acting as agent or real estate agent to Kim.
According to law he owed a duty of confidentiality to Kim which involves not disclosing any information of benefit which he may have gotten from his client (Kim) to third parties (buyers) without permission from Kim.
Therefore, Greg was not suppose to mention that Kim would have accepted less for her home.
Answer:
d. $25,050.
Explanation:
The computation of the acquisition cost is shown below:
= Cash price of equipment + sales tax + Insurance during transit + Installation and testing
= $22,500 + $1,800 + $320 + $430
= $25,050
To find out the acquisition cost, we have to consider all that cost which is related to the purchase of equipment. Since, all the costs are related, so we have to take all costs which are mentioned in the question.
Answer: Stop posting her e-mail address on newsgroups; most persons who contact randomly get this mails from sites and other media pages, not posting your mails there limit their access to your mailbox
- Forward spam to spamQuce.gov.
- Carefully read and complete subscription forms; she can select the mails she subscribes to and unsubscribe from those which are not important to her
Explanation:
Many individuals find it hard to work when they have so many mails on their inbox, there are ways Laurel can manage the excess mails, here are a few of them;
- Stop posting her e-mail address on newsgroups; most persons who contact randomly get this mails from sites and other media pages, not posting your mails there limit their access to your mailbox
- Forward spam to spamQuce.gov.
- Carefully read and complete subscription forms; she can select the mails she subscribes to and unsubscribe from those which are not important to her
Answer:
Sam must report $700,000 distribution from Silver on his Income report.
Explanation:
The sale of the land is made by the corporation and the corporation is a tax payer therefore any gains and losses are for the company to pay tax on.
The deficits in the E&P are for Silver to take into account when about to pay taxes.
The basis of $200,000 is not income but cost and subtracted on the distribution income as is for Sam.