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3 years ago

Will the right to the child help in the development of the children explain with example

Business

1 answer:

Nesterboy [21]3 years ago

4 0

Answer: Yes, the rights of the child can help them in their development.

Explanation: Organizations such as UNICEF explain that children have a series of rights that are essential for them to have a healthy development and to become good adults. Children have the right to a family structure and to be cared for, since when they are young there are many things that they cannot do for themselves and they need others to achieve it. An example of this would be that children must be sent to school by their parents. Children have the right to an education.

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On February 24, 2020, Allison's building, with an adjusted basis of $2,986,000 (and used in her trade or business), is destroyed

astra-53 [7]

Answer:

As a calendar-year taxpayer, Allison must make the new investment by December 31, 2020 to qualify for the nonrecognition election.

Explanation:

a) Data and Calculations:

Adjusted basis of building = $2,986,000

Insurance reimbursement = $3,881,800

Gain from loss = $895,800 ($3,881,800 - $2,986,000)

Investment in new building = $3,493,620

Purchase of stock = $388,180 ($3,881,800 - $3,493,620)

b) Allison is expected to make the election for the nonrecognition of the gain from loss in his Federal Tax return in the taxable year in which the gain with respect to the loss of the building is realized. The return must set forth the computation of the gain and other required details.

6 0

2 years ago

Bramble Family Importers sold goods to Tung Decorators for $39,000 on November 1, 2020, accepting Tung’s $39,000, 6-month, 6% no

Aliun [14]

Answer:

note receivable 39,000 debit

sales revenue 39,000 credit

--Nov 1st to record sale of goods to Tung Decorators --

interest receivalbe 390 debit

interest revenue 390 credit

--Dec 31th adjusitng entry for accrued interest --

cash 40,170 debit

note receivable 39,000 credit

interest receivable 390 credit

interest revenue 780 credit

--May 1st collection of the note--

Explanation:

First, we record the sales revenue and we enter the promissory note at his nominal. Interest will be accrued as the time past.

interest for the period Nov 1st - Dec 31th

prncipal x rate x time

we must always have rate adn time in the same metric so we express the mont has fraction of year:

39,000 x 6% x 2/12 = 390

collection of the note

cash procceds: principal + interest

39,000 x (1 + 6% x 6/12) = 40,170

we write off both receivables, the note and the interest,

and we recognize interest revenue for the difference

40,170 - 39,000 - 390 = 780

6 0

3 years ago

Joseph wants to open up a skateboard shop with his cousin Billy. He would like for them to own and operate the shop equally. Wha

Olegator [25]

This would be a general partnership because both parties are responsible equally.

6 0

3 years ago

Read 2 more answers

Which country consumes the most chocolate per person?

vagabundo [1.1K]

Answer:

switzerland

Explanation:

4 0

2 years ago

Finding the required interest rate: Your parents will retire in 18 years. They currently have $250,000, and they think they will

Salsk061 [2.6K]

Answer:

i= 8% annual compunded

Explanation:

Giving the following information:

Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement.

We need to calculate the interest rate required to reach the $1 million goal in 18 years without any additional deposit.

FV= PV*(1+i)^n

Isolating i:

i= [(FV/PV)^(1/n)] - 1

i= [(1,00,000/250,000)^(1/18)] - 1= 0.08

i= 8% annual compunded

7 0

3 years ago

Will the right to the child help in the development of the children explain with example​

Will the right to the child help in the development of the children explain with example