1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zimovet [89]
3 years ago
7

Sarah, Sue, and AS Inc. formed a partnership on May 1, 20X9, called SSAS, LP. Now that the partnership is formed, they must dete

rmine its appropriate year-end. Sarah has a 30 percent profits and capital interest while Sue has a 35 percent profits and capital interest. Both Sarah and Sue have calendar year-ends. AS Inc. holds the remaining profits and capital interest in the LP, and it has a September 30 year-end. What tax year-end must SSAS, LP, use for 20X9, and which test or rule requires this year-end
Business
1 answer:
Vladimir [108]3 years ago
3 0

Answer:

The correct answer to the following question will be "12/31, majority interest taxable year".

Explanation:

  • Throughout the incident in question, all parties mostly in calendar year carry upwards of fifty percent and the result is 12/31, most interest taxing year.
  • When all the participants in the calendar year have a mutual value of more than 50 percent so the same will be selected.

They will vote for the 12/31 fiscal year minimum interest. And the solution to the above seems to be the right one.

You might be interested in
Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes
Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

8 0
4 years ago
In order to deal with the financial problems inherent to the current Social Security system, President Waldhart proposes that an
marysya [2.9K]

Answer: means test benefit

Explanation:

A means test is used to determines whether an individual or a household will be eligible to get some payments or benefits.

An example is the one illustrated in the question whereby President Waldhart proposes that anyone making over $150,000 would receive no benefits.

7 0
3 years ago
HELP ASAP
Nimfa-mama [501]
I think this is specific to your class or we need a bit more context!
8 0
2 years ago
Understanding the Resource Allocation Process (RAP) will have large effects on shaping a firm'srealized strategy. Which of the f
vfiekz [6]

Answer:

The correct answer is D Intel's rule to "maximize margin-per-wafer-start"

Explanation:

4 0
4 years ago
Think of some way you can be an example as a Christian both at school and at home. Write two or three paragraphs of about 250 wo
vazorg [7]
i dont like writing super long paragraphs so here is a list
1) Comunity work
2) helping the elderly
3) obeying your parents
4) paying attention in class
8 0
3 years ago
Other questions:
  • Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2018. Du
    15·1 answer
  • The equilibrium price and quantity of a good are found where the supply and demand curves intersect.
    12·1 answer
  • What is the definition of economic growth?
    8·2 answers
  • Left Hand, Inc. has fixed costs of $400,000. Total costs, both fixed and variable, are $550,000 when 40,000 units are produced.
    6·1 answer
  • Dartford Company reported the following financial data for one of its divisions for the year; average investment center total as
    9·1 answer
  • As part of the initial investment, Ray Blake contributes equipment that had originally cost $96,100 and on which accumulated dep
    13·1 answer
  • First one to answer gets a brainly, look at the picture please
    12·2 answers
  • How good are we in business?
    10·2 answers
  • The material wealth of a society is a function of? all financial assets. all real assets. all financial and real assets. all phy
    7·1 answer
  • you know that sales employees' motivation is low, and you would like managers to consider a bonus based on volume sales. the que
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!