Answer: The following statements is true: <u><em>The amount of unamortized discount decreases from its balance at issuance date to a zero balance at maturity.</em></u>
Unamortized discount amount is decreased from balance at provision to a nil balance at due date. This is so , as it will be liquidated over entire bond’s life and thus will reach $ 0 maturity.
<u><em>Therefore, the correct option is (c).</em></u>
Answer:
A) Valuable assets such as the company's reputation, the quality of its work force, and the strength of its management are not captured on the balance sheet.
Explanation:
As we know that the balance sheet records the assets, liabilities and the equity of the company. Now the main problem with the balance sheet is that the valuable assets such as reputation of the company, work force quality, management strength would not captured here as it only records the monetary transactions.
Therefore the correct option is a.
The behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: <u>expressing consideration behavior.</u>
Consideration behavior can be described as exhibiting a friendly and supportive disposition by<em> considering the interests of others</em>. It also entails effectively communicating openly with others, having respect of their ideas and <em>showing concern for their feelings.</em>
Thus, the behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: <u>expressing consideration behavior.</u>
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Answer:
The answers are:
- Jerry must recognize $0 of gain on the transfer of the rental house
- Sally's tax basis is $80,000
Explanation:
Capital gains taxes are usually excluded when you sell a house or transfer the house in a divorce settlement. The exclusion is up to $250,000 of capital gains.
Since Sally didn't buy the house, but received it as part of their divorce settlement from Jerry, the same cost basis will apply to Sally.
1. Thinking 2. Imagining 3. Writing it down