Answer:
How much may Adrian deduct?
This depends on whether the museum is private or not. If the museum belongs to a public charity or a university, then Adrian can deduct full fair market value = $35,000. Since Adrian's AGI is $80,000, she could donate up to $40,000 (half her AGI).
But if the museum is a private organization, then Adrian can deduct only her basis in the vase = $15,000
How would your answer to Part a change if, instead of displaying the vase, the museum sold the vase to an antique dealer?
Once you donate artwork, unless you strict prohibit the museum from selling it, then they can sell it and you cannot do anything about it. Some donors specific certain terms for their donations, e.g. artwork cannot be sold and it must be exhibited at least a certain amount of time, in certain places, etc. But if Adrian didn't include any clause on her donation, then whatever happens to the vase is up to the museum.
Currently, museums are less likely to accept restricted donations, unless of course the artwork is worth it.
The answer is True.
In project management, critical path refers to a sequence of stages that would require the smallest amount of time possible to bring a project to completion.
Critical path can change during a project since there might be circumstances during it which would lead certain activities to be finished longer or faster. Critical path can be determined by a specialized algorithm technique.
Answer:
Under the equity method, cash dividends reduce the carrying value of the investment account (asset account), they are not considered income. For e.g.
Journal entry to record investment
Dr Investment in Santo Corporation 100,000
Cr Cash 100,000
Journal entry to record cash dividend
Dr Cash 5,000
Cr Investment in Santo Corporation 5,000
Under the fair value method, cash dividends are considered income, therefore, they increase net income. For e.g.
Journal entry to record investment
Dr Investment in Santo Corporation 100,000
Cr Cash 100,000
Journal entry to record cash dividend
Dr Cash 5,000
Cr Dividend income 5,000
Answer:
Option C is correct one. 5575
Explanation:
Percentage change in output due to percentage change in capital
= (0.3)*(10%) = 3% So, increase in output = (3%)*(5000) = 150
Percentage change in output due to percentage change in labour
= (0.7)*(5%) = 3.5% So, increase in output = (3.5%)*(5000) = 175
Increase in output due to increase in productivity
= (5%)*(5000) = 250
So, increased output = 5000 + 150 + 175 + 250 = 5575
Answer: Preliminary prospectus; Prospectus supplement
Explanation:
From the question, we are informed that an issuer has filed a registration statement with the SEC, but the registration is not yet effective and that the issuer subsequently files additional documentation with the SEC to meet its "full and fair disclosure" obligation.
It should be noted that any agent that is contacting a potential customer to buy the issue must provide the customer with the preliminary prospectus and the prospectus supplement.
