Answer:
<h2>The correct answer here is option c. or Off balance sheet reporting.</h2>
Explanation:
The usage of special purpose entity(SPE) was a strategical move by Enron with the major objective to restrict or conceal the financial debt or the existing assets and avoid any responsibility of consequent financial liability that might reflect in the accounting books such as Balance Sheet.SPE basically constitutes a strategy for the company to conceal any financial risk or liability and avoid or hide any kind of financial debt in the accounting books to gain investor's trust and confidence.The company also allegedly used the same strategy to ensure book earnings and consistent operational cash flow.
1,055 add the 200 and the 5.5% to get 211 and then add the 5 and the 211 alone to get 1,055
Answer:
Gift Tax GSTT
Explanation:
In such a scenario, Grandma and Grandpa Generoushave a current liability to the Gift Tax GSTT. This tax rate applies to Grandma and Grandpa Generous because the gift exceeds the limit per individual for gifting and because they have exhausted their lifetime gift-tax exemption. Meaning that they have to pay taxes on this gift of $5.43 million which according to the GSTT guidelines is a fixed rate of 40% of the gift that was given.
I guess the correct answer is $90, September 30
Orange Co. sells merchandise on credit to Zea Co. in the amount of $9,000. The invoice is dated on September 15 with terms of 1/15, net 45. The amount of the discount is $90 and the date must the invoice be paid in order for the buyer to take advantage of the discount is September 30.