Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.
The taxable estate for Mr Lainson will be calculated thus:
- FMV $12 million
- Less: Debt $450000
- Less: Funeral expense $15000
- Less: Legal fees $50000
- Less: Donation ($3.5 million + $200000) = $3.7 million
- Taxable estate = $7,785,000
The taxable estate of the year will be $7,785,000.
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Answer:
the number of units started and completed is 65,000 units
Explanation:
The computation of the number of units started and completed is given below:
= Units completed - beginning work in process inventory units
= 75,000 units - 10,000 units
= 65,000 units
Hence, the number of units started and completed is 65,000 units
During April 11, 1993, at the Southern Ohio Correctional, the longest prison riot in the US history took place wherein the 11 days of riot took the lives of 9 inmates at the prison. Another famous riot was the 1990 Strangeways Prison riot which took place at a British penal colony and ended 25th of April.
Answer:
No effect
Explanation:
As with opening of petty cash fund, there is an exchange in the form of asset.
The free cash is now divided in two parts, cash and petty cash.
Both are assets and the closing balance of cash in balance sheet is aggregate of free cash and petty cash.
Therefore, there is no impact in the total assets as now free cash is petty cash which is later added to free cash.
The additional amount over the amount borrowed that the consumer must repay. This includes fees, interest, and other charges.
