Answer: it says that but you can try to let them give it to you for 7 if they say it's 9 just damage the box a little for a discount
Explanation:
<span>right to share in any remaining assets after creditors have been paid off, should the company cease operations. A residual claim is one benefit that common stock holders can receive. This claim takes effect once the company itself is liquidated. The assets that are left upon liquidation are divided evenly, and the common stock holders receive a proportional part of the assets at liquidation. Among this, common stock holders receive dividends.</span>
The accounts that affect equity are revenues, common stock, expense, and dividends.
The following information should be relevant for the equity:
- If there is an increase in revenue so the equity is also increased.
- If there is an increase in the common stock so the equity is also increased.
- If the expense is increased so it decreased the equity.
- If the dividend is paid so the equity is decreased
In this way, the equity account is affected.
Learn more about the equity here: brainly.com/question/3841249
Answer:
Answers below
Explanation:
a) Laureen's AGI - $45,000
For 2 daughter - AOTC is - (2000*2child)+(800*25%+2child)
=4000+400
=4400
For Ryan - 1900
AOTC - 6300
Laureen lifetime learning credit - Eligible is 2000 (The amount of the credit is 20 percent of the first $10,000 of qualified education expenses or a maximum of $2,000 per return)
so in above case it is - 1200*20% =240 (Since AGI is below clip of 56000 he can claim same)
=6300+240 = 6540 is eligible deduction
b)
Since AGI is 95000
AOTC can't be calimed if AGI is above 90000 and hence AOTC is zero and Lifetime learning credit can't be claimed if AGI is above 56000.. Hence it is zero education credit
c)
For Daughter it is same as a above i.e. 4,400
For Ryan it is = 2000+(10000*25%) or maximum 4000
=2000+2500 or 4000
so 4000 is allowed
so AOTC total of 8400 and LLC of 240 so claimed is 8640
Incomplete question. The full question read;
Malcolm has several receipts from recent transactions that he entered into his records. The receipts include an ATM receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00.
When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginning balance, what should his correct balance be?
Answer:
<u>$704.50</u>
Explanation:
First, we need to note which transactions are credit transactions, and which is a debit transaction. <em>Remember</em>, a<u> credit transaction</u> basically means a transaction that brings money into your account, while the latter is a transaction that takes money out of your account.
Malcolm's credit transactions:
- ATM receipt for an $80.00 deposit
- paycheck deposit slip for $650.00
Total: <u>$730.</u>
Malcolm's debit transactions:
- grocery store receipt for $25.50
Total: $25.50
Substracting total debit transactions from credit transactions, Malcolm's correct balance would be = $704.50 ($730-$25.50).
