The disclosure should follow the International Financial Reporting Standards. It should fairly show the presentation, provided that all the necessary documents are submitted to be a statement of financial position. <span>Disclosure in a partnership has to make the same guidelines as the entity requirements. </span>
Answer: No, because the father and the adult son did not sign the will in each other's presence
Explanation:
The testator's will should not be admitted to probate because the father and the adult son did not sign the will in each other's presence.
A will requires a writing such that the testator will sign in the joint presence of two attesting witnesses. It should also be noted that both witnesses understand the importance of that act of the testator and then sign in each other's presence.
Answer:
$5,000
Explanation:
The computation of the interest payable is shown below:
= Borrowed amount or Principal × rate of interest × (number of months ÷ total number of months in a year)
= $500,000 × 6% × (2 months ÷ 12 months)
= $5,000
The 2 months is calculated from November 1, 2018, to October 31, 2019
It is somewhat similar to the simple interest formula.
Answer:
$1,620,000
Explanation:
Assume that Sharp operates in an industry for which NOL carryback is allowed.
In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000
There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.
The enacted income tax rate was 25% in 2019 and 30% thereafter.
In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000
Answer: Joy, who likes to work hard until a task is completely finished.
Explanation:
From the question, we are informed that Arney has been retained by Fluffy Soft Programmers to hire a new worker because he is an expert at personality types and their effect on job performance.
Out of the options that are given in the question, Arney should hire Joy, who likes to work hard until a task is completely finished. Other options are not good options in this case and wouldn't bring positivity to the organization.