Answer:
$245,000
Explanation:
The cash outflow in respect of the Prepaid rent of Howard Inc. for the year 2021 shall be determined using the following mentioned equation:
Cash outflow during the 2021=Rent expense for the 2021+end balance of prepaid rent for 2021-ending balance of prepaid rent at 2020
Cash outflow during the 2021=$240,000+$80,000-$75,000
=$245,000
The House of Representatives is the only house in Congress that can create bills for raising revenue. This is found in Article 1 Section 7 of the Constitution.
Answer:
a. Recognized gain = $ 0
b. Taxes basis = 14.000
Explanation:
a) Solution :- If the exchange is non-taxable :-
Realized gain = 35.000 - 14.600 = $ 20.400.
Recognized gain = $ 0. (The exchange situation falls / comes in the ambit of Section 1031 of IRS Code.)
Tax basis in the new asset = 14600 + 9500 = $ 24100.
Question b). Solution :-
Realized gain = 14000 + 21000 - 14600 = $ 20400.
Recognized gain = $ 20400 (Lesser of realized gain or boot received i.e., lesser of $ 20400 or $ 21000)
Tax basis in the new asset = 14600 + 20400 - 21000 = $ 14000.
Answer:
Related diversification strategy
Explanation:
The related diversification is when the company enters the samilar industry like Sony enter Camera market which was similar to its television industry, it is known as related diversification. And the strategy that the company follows to generate 70% of revenue from a similar investment like its core operation, then the company is following related diversified strategy.
Answer:
Hahahahahahahha is it that much difficult
