Answer:
Related to carrying on the activity
Explanation:
The general requirement of the code sections 162 and 212 about the expense allowing as a deduction against income of the business is that the expenses are only allowable if it is related to the same business income. This means that the trading expense would be set off against trading income and rental expense would be set off against rental income. Furthermore, the expenses (losses) would be only deductible for the future years if the business has not abandoned its operations which means the expenses are related to carrying activities.
Answer:
The correct answer is A. increased by $20 billion.
Explanation:
If you take the sum of the decreed values in deficit for years 1 and 2, you would have that the total amount of credits is $ 90 billion. On the other hand, for years 3 and 4 there are positive values for a total of $ 70 billion.
By the end of year 4 you have to have a pending balance of $ 20 billion, which is the result of subtracting the deficit minus the net surpluses generated in years 3 and 4.
Answer:
C) $257,030,000
Explanation:
Auerbach's net bond liability on March 31, 2022:
- we start with the beginning liability $255,369,000
- plus interest accrued for six months = $255,369,000 x 6% x 6/12 = $7,661,070
- minus cash paid = $300,000,000 x 4% x 6/12 = $6,000,000
net bond liability = $255,369,000 + $7,661,070 - $6,000,000 = $257,030,070 ≈ $257,030,000 rounded to the nearest thousand
To prepare the journal entry to record the issuance of the shares. Costs being reduce by the stock issue is the amount that is otherwise recorded as PIC in excess of par. Therefore
Cash 424
Common stock (15 million x $1) 15
PIC in excess of par(Plug) 409
(to record the sale of the stock)
PIC in excess of par 2
(to record the stock issue costs)
Note: These two entries can also be combined as one.
Answer: A discount bond will have a negative nominal interest rate when the: <u>" C. current bond price is greater than its face value ".</u>
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Explanation: because Discount bonds are those that issue below their nominal value, so if the current bond price is greater than its face value, the nominal interest rate will be negative.