Answer:
The system of basic rules and maxims applied by a court to aid in its interpretation of a written document, such as a statute or contract.
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Sylvia's long-term capital gain for 2019 is $10
Non-dividend distribution is one which reduces the basis of one's stock
Non-dividend distribution is not taxed until your basis in the stock is fully recovered.
Now, Silvia basis in the stock is fully recovered. Hence, the remaining amount will be is taxed as long-term capital gain.
Remaining amount = $30 - $20
Remaining amount = $10
In conclusion, Sylvia's long-term capital gain for 2019 is $10.
Read more about capital gain
<em>brainly.com/question/9144560</em>
Answer:
a. Brizon may be sued by TP if it does not comply.
Explanation:
As the contract between the two companies stated that Brizon must supply all toys required by Toys Paradise at a fixed rate, and that fee has already been established and accepted by both companies, Brizon must meet the requirement for more toys by Toys Paradise, even if this implies a higher production cost, while the contract is valid.
Thus, if Brizon does not comply with its part of the agreement, it could be sued by Toys Paradise and will likely lose the process.
