Answer:
LIEN THEORY
Explanation:
Based on the scenario being described it can be said that this state is a lien theory state, in which the court is enlisted to order and oversee the foreclosure procedure. In such a state, the buyer/borrower holds the deed to the real estate property until the mortgage expires and promises to make the mortgage payments that were previously agreed upon in the financial agreement.
Answer:
7.59%
Explanation:
Using a financial calculator, input the following to calculate Yield to Maturity (YTM). I'm using Texas Instruments BA II Plus model.
Face value of the bond ; FV = 1000
Annual coupon payment; PMT = Coupon rate * Face value ;
PMT= 8.5%*1000 = 85
Present value of bond or price; PV = -1062.50
Time to maturity in years ; N = 10
then compute annual interest rate ; CPT I/Y = 7.59%
Answer:
Unearned subscription
2016 deferred tax asset
2017 deferred tax liability
2018 deferred tax asset
Explanation:
The balance sheet account is unearned subscription which is a liability account,
It is a liability because the company already collected cass but is yet to provide the necessary services paid for the by the customers.
Earned subscription account is sales revenue account which is a profit and loss item.
($'000) 2016 2017 2018
taxable income $290 $220 $260
Pretax accounting income ($250) ($240) ($230)
Deferred tax asset/(liability) $40 ($20) $30
When taxable income is more than pretax accounting income, the resulting effect is a deferred tax asset which shows that tax was charged on a higher taxable income which provides tax relief in future.
When pretax accounting income is higher,it implies that tax was calculated on a lower taxable income and that more tax would be incurred in the future when the temporary difference reverses.
Answer:
Gain $1,600
Explanation:
Amount Realized = (290 shares × $93) − $240
=$26,970-$240
= $26,730
Adjusted Basis = (290 shares × $86) + $190
=$24,940+$190
= $25,130
Gain = $26,730 − $25,130
= $1,600
Therefore the amount of the gain/loss Kevin must report on his 2019 tax return will be $1,600
Answer:
Nepal - Dairy Products ; Buttermilk, FAO ; Cheese, FAO ; Cheese and Curd, FAO ; Cream Fresh, 4 timeseries ; Ghee, FAO.
