Answer:
making loans
Explanation:
Commercial bank is the bank where the most of the people do their banking. Here the money is to be provided and the interest is also earned from such loans like mortgage, auto loans, business loans, personal loans, etc
Therefore as per the given situation, the commercial bank would earned by the money by providing the loans or making the loans
Hence, the first option is correct
Answer:
Hajj and Umrah packages which are not
Answer :
A. Stereotype (i think this is right)
Answer:
$867,000
Explanation:
Assets are economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.
The Amount of Total Assets Available is calculated as follows:
Beginning Balance $860,000
Equipment Acquired $7,000
Supplies Inventory $3,600
Cash payment for Supplies ($3,600)
Cost of Land sold ($16,000)
Cash Proceeds from the sale of land $16,000
Total Assets $867,000
Answer:
It appears on the surface that Simon must give the stock to Fred and let Fred sell it, because Fred is in the higher tax bracket (i.e., 22% compared to Simons 12%). But for gift property, the basis of loss to the donee is the lower of (1) the adjusted basis of the donor, or (2) the amount of fair market value (FMV) on the date of the gift. Thus as Fred cannot take benefit of the loss, Simon must sell the stock, deduct the realized loss, and sales proceeds should be given to Fred.
When Simon sells the stock and handover the sale proceeds to Fred, in that case the capital gain received from the stock's sale will be taxed on Simon as per his tax bracket. The transfer of sale proceeds to Fred will not have any impact on tax.
