Answer:
A. She is guilty of insider trading because she tipped information
Explanation:
From the question, there was an
unlawful committed by Sally as a result of her giving an information about inside to Alice which was her friend. Giving away that confidential information may give room
to Intruders to tip off which leads to another unlawful act such as Check Kitting case, which can be regarded as theft as well as larceny and this brings about outsider having chance to get non-existing funds.
Answer: The answer is as follows:
Explanation:
Each item is classified as follows:
(a) Issuance of ownership shares - Common Stock
(b) Land purchased - Assets
(c) Amounts owed to suppliers - Liabilities (Accounts Payable)
(d) Bonds payable - Liabilities
(e) Amount earned from selling a product - Revenue
(f) Cost of advertising - Expense
Answer:
- Tax status = Ordinary Asset
- Gain = $60,000
Explanation:
As the company expensed the asset fully in the year of purchase instead of capitalizing it, the asset is an ordinary asset not a capital one which is capitalized. That is the tax status.
The gain on an ordinary asset is the amount that it was sold for which in this case is $60,000.
Tax status = Ordinary Asset
Gain = $60,000
According to the given scenario, Miranda has discovered that her new business will definitely be successful. Thus, option first is correct.
<h3>What is Business?</h3>
A business is an organization or enterprising body that engages in commercial, industrial, or professional activities. Businesses can be nonprofit organizations or for-profit enterprises.
Among the various business structures are partnerships, corporations, limited liability companies, and sole proprietorship.
According to the above situation, Miranda has learned that the future of her new company is bright as he has taken certain important steps in order to grow her business.
Therefore, it can be concluded that first is correct.
Learn more about business here:
brainly.com/question/15826604
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