Answer:
$3,500
Explanation:
This is because every Health and Disability Income Policy express the conditions and provisions for continuation of the contract on the new income level.
Mins of meeting must to held
Opening prayer
Introduction of last discussion
Answer:
The value of the firm is $1,485,000
Explanation:
For computing the value of the firm, first, we have to compute the price per share which equals to
= Borrowed amount ÷ repurchase shares
= $220,000 ÷ 20,000
= $11 per share
Now, the value of the firm should be computed. The formula is used which is shown below:
= Price per share × Number of outstanding shares
= $11 × 135,000 shares
= $1,485,000
Hence, the value of the firm is $1,485,000
Answer:
D. disclose a liability and provide a range of outcomes.
Explanation:
As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.
As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.
Answer:
$68,875
Explanation:
Calculation of how much income does Joe Harry report Using the daily allocation method
Since on January 1 to January 29 a total of $3,467,500 was earned in which we as well assumed that Joe Harry sells his 25% interest in Joe's S Corp., Inc., to Tyrone on that same January 29,This means we have to divide the total amount earned by the numbers of days in a year which is 365 days, then multiply it by both 29days(January 1 to January 29) and the 25% Interest.
Hence,
($3,467,500/365 days) × 29 days × 25%
=$9,500×29 days ×25%
=$68,875
Therefore the amount of income that Joe Harry report will be $68,875
