Answer:
$38,000 Dividend
Explanation:
Based on the information given the tax treatment of the redemption to Marcie will be $38,000 dividend reason been that her husband shares was been attributed to her, and Since she owns 60 shares her remaining 10 shares including that of her husband 50 shares of Chestnut's will be 110 shares calculated as 150 shares - 40 shares outstanding.
Therefore when we look at this 60 shares/110 shares is greater than 50% which means that Marcie fails the 50% test which makes the redemption to be treated as a dividend.
Hence, the tax treatment of the basis of the shares redeemed will be $38,000 Dividend.
Answer:
limited problem solving
Explanation:
Limited problem solving -
It refers to the process of buying certain goods and services , when the person have only limited knowledge about the product , is referred to as limited problem solving .
People having lack of knowledge may even end up buying the wrong product .
Hence , from the given scenario of the question ,
The correct term is limited problem solving .
Videotapes, Physical evidence (something with possible DNA), Pictures.
Answer: A.exceed units sold
Explanation:
In Absorption Costing, All costs be it Fixed or Variable that are directly related to production are considered when computing the Cost of Production.
Under Variable Costs however, only variable Costs are considered for the computing of Cost of Production.
This difference in consideration of costs under each method leads to difference in income determination under each method.
Under Absorption Costing, fixed manufacturing costs are apportioned on produced units and the costs are only recovered when the units are sold but under variable costing, fixed manufacturing costs are treated as period costs and are therefore charged to the Income statement.
This means that, the amount of income under absorption costing will be more than the amount of income under variable costing when units manufactured exceed units sold.
