Answer:
Producer S brokered slightly more than $40,000 in insurance premium last year, the penalty amount of the surety bond S is required to maintain in favor of the people of Illinois is $2,500.
Explanation:
A producer that brokered more than $40,000 in insurance premium in a given year is required to pay a penalty amount of the surety bond of $2,500 in favor of the people of Illinois.
Limited resources is what I'm assuming as we mostly use non-renewable resources like fossil fuel
Answer:
-$35
Explanation:
The computation of the change in net working capital is as follows:
Net working capital = current assets - current liabilities
For 2014,
net working capital i s
= ($3,135 - $1,545)
= $1,590
And,
for 2015,
net working capital is
= ($3,100 - $1,545)
= $1,555
So, the change in net working capital is
= ($1,555 - $1,590)
= -$35
Answer:
The distribution by Fargo corporations has the following tax consequences
- The corporation has distributed an appreciated property( that on its own makes it liable for tax)
- The corporation must recognize the gains or losses made on the distribution as if the corporation was selling the property to the shareholder.
- Apply capital gains tax on the gains or losses
- capital gain = $310000-$260000 =$50000
- Apply any annual exclusion and multiply by the Capital Gains Tax to arrive at Taxable Capital Gain to be included in incomes
The shareholder will recognize dividend received in the market value and will be subject to exemptions if applicable.
Explanation:
