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makvit [3.9K]
3 years ago
14

Which of the following are NOT required for use of the rental real estate safe harbor?

Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer:

d. Owning a minimum of 10 rental properties

Explanation:

The IRS has a safe habour rule for landlords for the purpose of pass-through deductions .

If the regulations are followed the IRS will view the rental activity is for business purpose only.

There are 3 requirements to use safe habor.

- separate records and books must be kept showing expenses and income of each rental enterprise owned.

- at least 250 hours of rental service in a year.

- records of real estate services that have been performed

Owning a minimum of 10 rental properties is not a requirement.

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The two types of distribution channels are direct and ________________.
Umnica [9.8K]
The answer is (Indirect).
8 0
3 years ago
Read 2 more answers
At its peak at the end of 1999, Microsoft had a market cap of $600B. PC sales were booming and most PCs ran on Microsoft softwar
Slav-nsk [51]

Answer: C. The decline in the P/E ratio more than offset earnings growth and this pushed the market cap down.

Explanation:

Market Cap = P/E ratio * Earnings

Market cap is dependent on both the P/E ratio and Earnings as shown by the formula and as shown on the graph, the P/E ratio kept on decreasing which means that for the Market Cap to decrease, the downward pull of the P/E ratio must have overshadowed the growth in earnings such that the Market Cap went down instead of up.

For instance, if the earnings were $40 billion and the P/E ratio was 15, Market Cap would be $600 billion.

If earnings increased to $45 billion but P/E ratio decreased to 10, Market Cap would become $450 billion.

6 0
3 years ago
Ckson's Programming paid its June of $500 cash. demonstrate how to use the accounting equation to record the transaction by comp
Dvinal [7]

Answer:

Decrease <u>Cash </u>and Increase <u>Expense</u>

Explanation:

Jackson Programming paid $500 as rent for the month of June.

The accounting equation is is the basis of the double entry accounting principle system. It is an equation that stipulates that the balance sheet must remain balanced meaning every entry on the debit should be followed with a corresponding credit. It also means for every decrease there should be a corresponding increase.

In Jackson Programming;

A decrease is recorded in CASH because cash was paid, while an increase is recorded in EXPENSE because there is a corresponding increase in rent expenses.

5 0
3 years ago
Before adding a global information system (GIS), international companies must take into consideration the _____ infrastructures
devlian [24]

Answer:

c. telecommunication

Explanation:

A global information system (GIS) is a system that is used to storage all the data from the headquarters of a company and all its subsidiaries in one place. This system works in all the places where the company is and the telecommunication infrastructure of the countries where the subsidiaries are located must be taken into consideration because it needs different technologies and applications and if they are not available or if they don't work properly, the system won't be able to store, retrieve and transmit information and it won't allow a good communication between the offices.

4 0
3 years ago
On December 31, 2015, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Write down the necessa
maria [59]

Answer:

December 31

DR Cash $139,875

DR Discount on Bonds Payable $10,125

CR Bonds Payable $ 150,000

Explanation:

Cash

Because Wintergreen is selling at $93.25 when Par Value is usually at $100, they are selling at a discount.

Cash Received = 150,000 * 93.25/100

= $139,875

Discount on Bonds

= 150,000 - 139,875

= $10,125

8 0
3 years ago
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