Answer:
A) Roasters delivers the goods to Speedy
Explanation:
Risk of loss under the law of contracts is used to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. This is normally used after the contract is formed but before buyer receives goods, something bad happens.
- The breaching rule applies risk of loss on the seller if at the time of delivery, the goods show up broken.
- Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations
- For a destination contract, then risk of loss is on the seller
- For a delivery contract, then risk of loss is on the seller
- if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's "receipt" of the goods. If the buyer never takes possession, then the seller still has the risk of loss
Answer:I’m figuring this question out for you. one moment
Explanation:
Answer:
$87,120
Explanation:
The calculation of the deferred tax asset for the NOL carryforward is given below:
= (Year 2021 loss - Year 2022 income) × tax rate applicable for all years
= ($600,000 - $358,000) × 36%
= $242,000 × 36%
= $87,120
Since in a year 2021 it is a loss and the income in year 2022 that is to be adjusted and the same is considered in the computation part
Hence, the deferred tax assets for the NOL carryforward is $87,120
Answer:
factors that must be considered before starting business are:
Explanation:
1)capital
2)raw materials
3) enough knowledge about things
4)market
5)skilled manpower
Answer:
Yes, it is true that for the built-in loss limitation to apply, the property must have been acquired by the corporation as part of a plan whose principal purpose was to recognize a loss on the property by the liquidating corporation. That is why A net built in loss has to be determined first.
Explanation:
Limitation is equal to the value of the stock of the loss borne by corporation immediately before the ownership changes.
The basis limitation rule only applies when there is a net built-in loss.
Built-in losses are the excess of the adjusted basis for U.S. federal income tax of any Contributed Property over its Agreed Value as of the time of contribution treated as deductions or losses in the year recognized.
A net built-in loss occurs when the aggregate adjusted basis of the property exceeds its fair market value.
