Answer:
The first investment in money market fund.
Explanation:
The first investment, a money market fund, pays a guaranteed 6.7% interest compounded;
Compound Interest Calculation
=
=
=$27,323.74 - $24,000
=$3,323.74
The person will get a total interest of $3,323.74 in 2 years
The second investment, a treasury note, pays 6.8% annual interest
=$24,000 * (6.8/100) = $1,632
= $1,632 * 2 = $3,264
The person will get a total interest of $3,264 in 2 years
With the above computations. It will be favourable if the person invested in the money market fund.
Answer: B. $65,000
Explanation:
The options to the question are:
A. $15,000
B. $65,000
C. $150,000
D. $200,000
It should be noted that the corporate liquidations of property are typically treated as either an exchange or a sale and the profit or the loss made will be recognized by the corporation usually based on the liquidating sale of the assets of the corporation.
In certain cases whereby the distributee that is, the individual who is entitled to partake in the share of an estate distribution is a corporation that is in charge of the distributing corporation, this may lead to the distribution not to be taxable.
Due to this, Alvo has a basis of $65,000. The reason is that the land was not sold and therefore Alvo did not get $200,000.
She learned that she had earned $2.52 in interest
Answer:
December 31, 2021
Debit : Dividends $28,500
Credit : Shareholders for Dividends $28,500
Explanation:
The Dividends declared present a present obligation by the entity to its shareholders.