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PilotLPTM [1.2K]
3 years ago
5

Team members will then enter into a discussion on the Team Discussion Board of these transactions, the applicable tax rates, and

the Davis critique of government regulations and tax policies applicable to them. Should all these transactions be allowed, should some of the transactions be regulated more than others, are the tax rates appropriate? For full participation credit, each student should post comment on at least 2 other team member opinions.
Business
1 answer:
suter [353]3 years ago
6 0

Answer and Explanation:

I think and believe that High Risk transactions should be tax as high as 39%. Transactions such as collateralized debt obligations, credit default swaps, hedge funds, derivatives, commodities among others often have a high reward and high gain and this is usually in millions and possibly in the billions of dollars in which they are tax at 20%. However in a situation where a company or individual had losses with these transactions they would be able to match against other capital gains which will inturn be of benefit to them because their is tendency that all the loss will be recovered through the gains which is why

some of all these transactions should be allowed and some of the transactions should be regulated more than others.

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Answer:

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Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
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Answer:

Mijka Company

a. Journal Entries

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Credit Service Revenue $30,400

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Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

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Statement of Changes in Stockholders' Equity as of December 31, 2018:

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Balance Sheet as of December 31, 2018:

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Equity:

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