Answer:
Option (C) is correct.
Explanation:
Abigail deduct in depreciation:
= Total value of three sculptures - (Utility expenses + Supplies expenses)
= $3,200 - ($1,200 + $1,500)
= $3,200 - $2,700
= $500
Since, it is given that the sculpting is considered as a hobby and we know that hobby expenses are deductible to the extent of hobby income of $3,200.
Further, they are deducted in a specific order
:
-
Allowable such as property taxes and interest;
- Related to the activity other than those that decrease basis;
- Things which reduces basis (depreciation).
Answer:
The number of new shares that will be issued is 3,000 shares.
Explanation:
A stock dividend can be desctibed as dividend that paid to shareholders in shares instead of paying it in cash to the shaeholders.
From the question, we are given the following:
Number of shares outstanding = 30,000
Planned stock dividend percentage = 10%
Therefore, the number of new shares that will be issued as stock dividend to the shareeholders of Storico can be calculated as follows:
Number of new shares to issue = Number of shares outstanding * Planned stock dividend percentage = 30,000 * 10% = 3,000
Therefore, the number of new shares that will be issued is 3,000 shares.
Answer:
d. task force
Explanation:
Task force -
It is the combination of people or a unit , which is established in order to work on a specific activity or task .
Similarly in the question ,
the committee is assigned in order to do research for a new product , and as soon as the target or the task assigned to the group is done , it group is resolved .
Its b
Explain:
The reason it’s because the government collects taxes which are considered leakages