Answer:
(B) Nonmoney property distributions made by an S corporation having accumulated E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated E&P.
Explanation:
Answer:
Cover letters can also provide insight and explanation into sensitive information that your resume cannot, such as lapses in employment, career changes and layoffs.
Explanation: I put this as my answer and got it right. :)
Answer:
Absorb water means to suck up or drink in.
Answer:
Dividend = $2.34
Explanation:
Purchase Price = $55.20
Loss on stock = 18.63% of $55.20 = $10.28
Capital Loss = $12.62
Dividend = Capital Loss - Total Loss
Dividend = $12.62 - $10.28
Dividend = $2.34
Answer:
C) $118,000
Explanation:
ABC International will have to pay the following interests:
- for the first three month period:
$4,000,000 x (5.5% + 0.65%) x 1/4 = $61,500
- for the second three month period:
$4,000,000 x (5% + 0.65%) x 1/4 = $56,500
total interest for the 6 month period = $61,500 + $56,500 = $118,000
