Answer: $4,050,000
Explanation:
Increase in net worth shows the after tax gain that the person got after the land in question increased in value.
= (Current value - Purchase price) * ( 1 - tax rate)
= (5,500,000 - 1,000,000) * (1 - 10%)
= 4,500,000 * 0.90
= $4,050,000
<h3>
Answer:</h3>
D. Allowance for Doubtful Accounts is shown as a deduction from Accounts Receivable on the balance sheet.
<h3>
Explanation:</h3>
- Balance sheet is a statement of account that shows the number of assets, liabilities, capital and net profit or loss in an organisation.
- Receivables refers to the amount that the seller ios owed by the customers or buyers.
- Therefore, receivables are current assets in a business and are listed on the left side of the balance sheet.
- Allowance for doubtful accounts is listed as a deduction below the accounts receivable as it is a reduction of the total amounts on accounts receivable.
Answer:
C)Harvest was notified of the suit.
Explanation:
From the question, we are informed about Grain Farm Inc. that files a suit against Harvest Services. In this case, Before the court can exercise jurisdiction over Harvest, the court must have proof that Harvest was notified of the suit. jurisdiction as regards to law can be explained as the right a case has over a particular subject matter. And all categories of court can exercise this power to adjudicate cases
It’s B :) because it ensures what fits best to the company about employees idk if that make sense.
<span>One criticism against the ‘supply-slide’ cuts in the marginal
tax rates is that they fail to increase the aggregate supply in a more rapid
way, in which are the goods and services in total that are available in the
market and that they fail to increase it more than of the aggregate demand
which is the goods and services’ final demand.</span>
