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Anastasy [175]
2 years ago
10

Orin creates an irrevocable living trust to pass his 1/3rd of his assets, including stock in Petro Oil Company and other busines

s investments, to his heirs. One advantage of this arrangement is that A. the trust earnings become public. B. the assets are doubled. C. Orin avoids having to pay death taxes on these assets. D. the assets can be transferred without going through probate.
Business
1 answer:
Lera25 [3.4K]2 years ago
3 0

Answer:

C. Except it isn't Orin that will avoid the taxes, but his heirs.

Explanation:

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When Tom had the satellite dish placed on the roof of his house, the installer dislodged and made no attempt to replace a half d
guapka [62]

Answer: irate

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In the given case, Tom is complaining about the lousy service from his friends but not to any third party. Also, he is doing so with the intention of awaring others.

Hence from the above we can conclude that Tom is an irate kind of complainer.

7 0
2 years ago
Sage Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed
maks197457 [2]

Answer:

Dr Unrealized Holding $32,760

Cr Estimated Liabilities $32,760

Explanation:

Preparation of What entry would you make on December 31, 2020, to recognize these facts

Based on the information given the Joi entry you would make on December 31, 2020, to recognize these facts will be :

December 31, 2020

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7 0
2 years ago
Maurice bought 25 shares of stock at $9.85 per share and sold them for $11.22 per share.
AveGali [126]
What's the question? This is just a statement.
5 0
3 years ago
Read 2 more answers
Titanic Roofing Company has estimated the following amounts for its next fiscal​ year: Total fixed costs $ 833 comma 000 Sale pr
vitfil [10]

Answer: B. Operating income will increase by $ 45,000

Explanation:

Total fixed cost = $833,000

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Variable cost per unit = 30

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The contribution margin is the difference between the sales price per unit and the variable cost per unit.

= 60 - 30

= 30

Therefore, Hence the increase in the contribution margin will be:

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We then subtract the additional cost of $30,000 from $75,000. This will be:

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4 0
3 years ago
Bill stewart contributes land valued at $10,000 and a building valued at $70,000 to form a partnership. the partnership also wil
saveliy_v [14]

In the given case Bill Stewart has contributed land valued at $10,000 and a building valued at $70,000 to form a partnership. It means the value of assets contributed by Bill Stewart is 10,000+70,000 =$80,000.


In addition to the above assets, the partnership also will pay the $50,000 mortgage payable on the building that bill contributes. It means Bill has transferred a liability to the firm.


So, Bill Stewart’s capital should be credited with 80,000-50,000 = <u>$30,000</u>





6 0
3 years ago
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