Answer: Loss from sale of Zinco stock = $10,000
Explanation:
Given that,
Conner purchased 300 shares of Zinco stock for $30,000 in 1994
On may 23, 2013 conner sold all the shares to his daughter for $20,000
This clearly shows that conner incurred a loss of $10,000 from selling it to his daughter.
Hence,
Loss of $10,000 should be deducted from sale of zinco stock in 2013.
Answer:
The correct answer is "Geographic proximity
".
Explanation:
- Proximity to geography is also a subjective measure. It relies on personal judgments based on empirical evidence as well as on sensory experiences.
- This consideration becomes more expected to be investigated by Timothy while evaluating transportation infrastructure for establishing a successful economic community. It is indeed a concept of social or economic networking, health, as well as ethnicity, are significant factors on either the partnership.
Answer:
The amount of net income reported in 2020 income statement would be $75,000.
Explanation:
Pretax accounting income for 2020 = $100,000
Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets
= ($100,000 - $100,000)*25% + ($100,000*25%)
= $25,000
Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense
= $100,000 - $25,000
= $75,000
Therefore, The amount of net income reported in 2020 income statement would be $75,000.
M/b ratios typically exceed one, which means that investors are willing to pay more for stocks than their accounting book values.
The Book value is the carrying amount of the company's assets minus the receivables (such as company liabilities) that exceed common stock. The term book value comes from the accounting practice of accounting for assets at their original costs.
The Book value of a company is total assets minus total liabilities. Total assets and total liabilities are included on the balance sheet of the annual and quarterly reports.
Book value refers to the value of the asset reported on the balance sheet, that is, the value of the asset after the accumulated depreciation has been recorded. Every company owns multiple assets. Therefore, every business also has a book value, which is the present value of the asset minus the liability or accrued debt.
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