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JulijaS [17]
3 years ago
9

Robert and Charles are trying to decide what form of business to form for their new company. They ask you the following question

: Which of the following transactions would be considered by the IRS to be a taxable sale of assets? Changing the form of business from:
a. a partnership to an LLC.
b. All of the above.
c. a corporation to an LLC.
d. an LLC to a corporation.
Business
1 answer:
nikdorinn [45]3 years ago
7 0
B. Hope this helped and sorry if it’s wrong I tried my best
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During the annual planning meeting, Anastasia, president of a Fortune 500 company, discussed with the upper management the strat
zimovet [89]

Answer:

The correct answer is: B. False.

Explanation:

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Seeing a golden opportunity to raise revenue, the city of Boston levies a per ticket tax of $5 to be paid by the ticket buyer. B
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Answer:

TRUE

Explanation:

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3 years ago
What are some characteristics of social enterprises
givi [52]

Answer:

see below

Explanation:

Social enterprises participate in commercial activities to solve social problems, improve communities' well-being, and better the environment. They make money through normal trading activities.

<em>Some characteristics of social enterprises include</em>

1. They have a mission to serve the community by initiating and supporting social, environmental, cultural, and economic programs. Social enterprises are not entirely driven by profits but have social missions to achieve.

2. Social enterprises generate the majority of their income through business activities. They are self-reliant as the selling of goods and services is their primary source of revenue.

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4 0
2 years ago
Canoe Company's manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished goods
sasho [114]

Answer:

Estimated manufacturing overhead rate= $0.2 per direct labor dollar

Explanation:

Giving the following information:

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Factory overhead applied $6,000.

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

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6,000 / 30,000 = Estimated manufacturing overhead rate

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4 0
3 years ago
Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The estimated useful life of the machinery is
Digiron [165]

Answer:

Instructions are below.

Explanation:

Giving the following information:

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3 years ago
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