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kaheart [24]
3 years ago
7

Under the terms of a divorce agreement entered into in 2017, Lanny was to pay his wife Joyce $2,000 per month in alimony and $50

0 per month in child support. For a 12-month period, Lanny can deduct from gross income (and Joyce must include in gross income): a.$0. b.$6,000. c.$30,000. d.$24,000. e.None of these choices are correct.
Business
1 answer:
tatyana61 [14]3 years ago
4 0

Answer:

Lanny's deductible income = $24,000

Explanation:

Given:

Lanny's payment per month (Wife) = $2,000

Lanny's payment per month (Child) = $5,00

Lanny's deductible income = ?

Computation of Lanny's deductible income :

Lanny's deductible income = Lanny's payment per month (Wife) × 12 month

Lanny's deductible income = $2,000 × 12 month

Lanny's deductible income = $24,000

Note: Payment made for the support of a single child must not be deducted in Gross Income.

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When you construct an audience-analysis questionnaire, open-ended questions are especially valuable because they usually generat
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The answer is false, it is because in questionnaires like this, open ended questions are considered valuable, which is true in the statement above but what makes it false, is because of the unambiguous response. An open ended questions should not have unambiguous response for they should be more open and would be engaging and more open not only to the person asking but to the audience as well.
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Proprietary funds are required to present four basic financial statements—a Statement of Net Position, a Statement of Changes in
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Answer: False

Explanation:

The Basic Financial Statements for a Proprietary Fund includes:

1. Statement of net position

2. Statement of revenues, expenses

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4 0
3 years ago
Dulce Corporation had 200,000 shares of common stock outstanding during the current year. There were also options for 10,000 sha
Nimfa-mama [501]

Answer:

$19.80

Explanation:

The Diluted EPS of Dulce Corporation shall be determined through the following mentioned formula:

Diluted EPS=Net income/Number of outstanding shares

Net income= $4 million

Number of outstanding shares=Common stock shares+shares issued for free due to share options

Common stock shares=200,000

shares issued for free due to share options=Number of options*Intrinsic value/market price of common shares

Number of options=10,000

Intrinsic value=market price-exercise price=$25-$20=$5

Shares exercised due to share options=10,000*5/25=2,000

Diluted EPS=$4,000,000/200,000+2,000

                   =$19.80

3 0
4 years ago
The most popular input measure used to determine the progress toward completion?
solong [7]

The most popular input measure used to determine progress towards completion is the cost-to-cost basis.

Unavoidable expenses or sacrifices to obtain goods or services with the aim of obtaining benefits; expenses for certain activities, purposes, or time, such as shipping, packing, and sales are intended to generate income in the company's income statement, the cost component is a deduction from revenue.

Costs are sacrifices or expenses made by a company or individual with the aim of obtaining more benefits from the activities carried out. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses.

- Costs: a cost in the sense of sacrifices or expenses made by companies or individuals that are directly related to the output or products produced by the company or individual.

- Expenses: a cost incurred by a company / individual which is only as a supporting activity.

You can learn more about Costs here brainly.com/question/15135554

#SPJ4

3 0
2 years ago
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