True or false:

Paul and Libby White (both are age 66) are married and together have AGI of $105,000 in 2018. They have two dependents and file

Alika [10]

Explanation:

The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature

8 0

3 years ago

What is a requirement for the creation of an agency relationship?

Stells [14]

Agency is a relationship between a principal and an agent in which the principal confers his or her rights on the agent to act on principal's behalf. Such a relationship is based on an agency contract. The rights and duties of the agent and principal are in accordance with the express or implied terms of the contract.

8 0

4 years ago

The following information pertains to Bridgeport Co.:

kow [346]

Answer:

A. Total amount of stockholders' equity in the balance sheet.

= Preferred stock + Common Stock + Additional Paid-In Capital + Unappropriated retained earnings + Retained earnings appropriated for contingencies - Treasury stock

= (100 * 10,000) + (10 * 140,000) + 500,000 + 280,000 + 300,000 - 250,000

= $‭3,230,000‬

B. Earnings per share of common stock.

= (Net Income - Preferred Dividends ) / (Common stock - treasury stock)

= (580,000 - (10,000 * 6% * 100) ) / (140,000 - 10,000)

= $4

C. Book value per share of common stock.

= (Stockholder's equity - Preferred stock) / ( Common stock - Treasury)

= (3,230,000 - (100 * 10,000) ) / (140,000 - 10,000)

= $17.15

D. Payout ratio of common stock

= Dividend per share/ Earnings per share

= 1.8/4

= 45%

E. Return on common stock equity

= (Net Income - Preferred Dividends ) / (Stockholder's equity - Preferred stock)

= (580,000 - (10,000 * 6% * 100) / (3,230,000 - (100 * 10,000) )

= 0.233

= 23.3%

5 0

4 years ago

Which NIMS Management Characteristic includes maintaining accurate and up-to-date inventories of personnel, equipment, teams, an

Vlad [161]

Answer: Option A

Explanation: The comprehensive resource management is the characteristic of NIMS management that includes maintaining accurate and up to date inventories of various assets. CRM standardizes the mechanism for various functions like order and acquire etc. in relation to inventories of personnel, equipment, teams and supplies.

8 0

4 years ago

Clay incurs $5,000 of investment interest expense related to purchasing Renco Company stock and New Orleans municipal bonds. He

Dafna1 [17]

Answer:

e. $5,000.

Explanation:

To calculate deductible investment interest expense, we have to know the followings:

total investment income for investments
total investment interest expenses (for loans used to purchase taxable investments)

As IRS guided, if the expenses are less than net investment income, the entire investment interest expense is deductible; and if the interest expenses are more than the net investment income, we can deduct the expenses up to the net investment income amount. The rest of the expenses are carried forward to next year.

In this scenario, Clay have total $20,000 investment income from dividends on the stock and interest on the bond, while his interest expenses is $5,000 only, lower than less than net investment income.

So Clay's entire investment interest expense ~ $5,000 is deductible

6 0

4 years ago