Answer:
$0
Explanation:
According to the scenario, computation of the given data are as follow:-
Contributed amount = $20,000
Distribution amount = $15,000
As we know,
Taxable amount = Distribution amount - contribution amount
= $15,000 - $20,000
= - $5,000
The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.
She included $0 amount in her gross income this year.
Answer:
Stockholder.
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries.
Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.
Hence, an owner of a corporation is known as a stockholder.
Answer:
$67,800
Explanation:
We can use annuity formula to find the present value of the royalties received for the upcoming ten years.
The annuity formula used here is attached with the answer.
The first step would be finding annuity factor at 12%.
So
Annuity Factor = (1-(1+r)^-n) / r
By putting values, we have:
Annuity Factor = (1 - (0.322)) / 0.12 = 5.65
Present Value = Annual Cash flow * Annuity Factor
PV = $12,000 * 5.65 = $67,800
Answer:
A. mechanistic is the correct answer.
Explanation:
Answer:
The correct answer is $98,700.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the cost of land by using following formula:
Cost of land = Cash paid + Demolished cost - Salvage sold + Attorney fees + Broker's fees
By putting the value, we get
Cost of land = $85,000 + $9,200 - $1,900 + $1,400 + $5,000
= $98,700
(Note = Architect fee and parking lot amount comes under cost of building)
