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Alexeev081 [22]
2 years ago
5

John and Paul are brothers and both are United States citizen. Paul works in Mexico and maintains two (2) bank accounts in Mexic

o. The accounts are held in Paul's name but both John and Paul are allowed to write checks from the account. The combined account balances are $50,000. The accounts generate $100 of interest income. Paul pays taxes in Mexico and claim a foreign tax credit on his US Income Tax Return. Which of the following statements are most accurate?
a. Only John has a financial interest in the Mexican bank accounts and must file a FBAR. Paul is exempt from filing the FBAR as he paid taxes to Mexico on the accounts.
b. Both Paul & John have a financial interest in the Mexican bank accounts and are required to file a FBAR.
c. Neither John or Paul have a requirement to file an FBAR as the income generated from the account does not exceed $100.
d. None of the above.
Business
1 answer:
Anuta_ua [19.1K]2 years ago
7 0

Answer:

I think B

Explanation:

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Modeling someone's behavior means to observe their behavior and trying to imitate them.

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3 years ago
Bolster Soda had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Castor Soda had a turnover ratio of
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Answer:

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The accounts receivable turnover ratio refers to an accounting ratio that is used to show the how effective a firm is in collecting the receivables or money its clients are owing it.

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Answer:

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3 0
3 years ago
Real GDP refers to _____. rev: 04_09_2018 Multiple Choice GDP data that embodies changes in the price level but not changes in p
pochemuha

Answer: GDP data that has been adjusted for changes in the price level

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