Answer:
The answer is below
Explanation:
Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.
Hence, in this case, the correct answer or statement to the question are:
1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss
2. If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur
Answer:
Check the explanation
Explanation:
Sales price variance = (Actual price - Budgeted price) * Actual units sold
Product R : ($25 - $26) * 123000 = $123000 unfavorable
Product S:($20 - $22) * 162700 = $325400 unfavorable
Product T: ($10 - $20) * 54000 = $540000 unfavorable
Sales volume variance = (Actual units - Budgeted units) * Standard price
Product R : (120000 - 123000) * 26 = $78000 favorable
Product S:(150000 - 162700) * 22 = $279400 favorable
Product T: (20000 - 54000) * 20 = $680000 favorable
Notes:
Actual units:
Product R = $3075000/ $25 = 123000
Product S = $3254000/$20 = 162700
Product T = $540000/$10 = 54000 units
Answer:
Flagon Transcontinental Corp.'s board of directors announced that it will pay a $1 million dividend in three months on this date - Declaration Date On the declaration date, the firm announces that it will pay dividends. If the company is large, it pays for a press release on a newspaper, or even, on TV.
Transcontinental Corp. actually sent the dividend checks to stockholders on this date - Payment Date.
Self-explanatory, this is the date on which checks are sent to shareholders who were recorded eligible for payment on the record-date.
Flagon Transcontinental Corp.'s board of directors declared that whoever is listed as the owner of the stock on this date will receive the dividend for this year - Holder-of-Record date.
Also known as the record date, on this date, the firm determines which shareholders will receive the dividend.
Transcontinental Corp.'s board of directors set this date as the date on which the right to the current dividend no longer accompanies the stock - Ex-Dividend Date.
On this date, the value of the next dividend payment is substracted from the stock price. The Ex-Dividend Date is usually the day before the Record-Date, because shareholders that were found uneligible for dividend payment are now the holders of ex-dividend stocks.
A correct option is an option (b),i.e., can be partially executed if aborted.
What is a transaction?
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used.
Why is a business transaction important?
Business transactions are becoming more and more important because they provide an abstract view of the interactions that occur among organizations to achieve a commercial goal.
What is the nature of the business transaction?
A business transaction is an activity that can be quantified objectively that involves the exchange of money, products, or services for money or for the right to receive money between accounting entities that are people (natural and artificial).
Learn more about transaction: brainly.com/question/24730931
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Answer:
<em>There</em><em> </em><em>are</em><em> </em><em>1</em><em>1</em><em> </em><em>languages </em><em>in</em><em> </em><em>South</em><em> </em><em>Africa</em><em>.</em><em> </em><em> (Afrikaans, English, Ndebele, Pedi, Sotho, Swati, Tsonga, Tswana, Venda, Xhosa, and Zulu)</em>
