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3 years ago

(BRAINLIST!!!!!)

2 answers:

5 0

1. FORGIVENESS - Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn't complete the course due to no fault of her own, Cheryl need not pay back the loan.

2. DEFAULT - Tom got a student loan to pursue a nursing science degree. But he couldn't manage his money well enough, due to which he was unable to pay back his loan.

3. WORK-STUDY - Sam is pursing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay a few educational expenses.

antoniya [11.8K]3 years ago

3 0

Forgiveness goes to:

Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn’t complete the course due to no fault of her own, Cheryl need not pay back the loan.

Default does to:

Tom got a student loan to pursue a nursing science degree. But he couldn’t manage his money well enough, due to which he was unable to pay back his loan.

Work-study goes to:

Sam is a pursuing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay for a few educational expenses.

Hope this helped!

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Required information [The following information applies to the questions displayed below.) Fiddle Corp. has been an S corporatio

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Answer and Explanation:

According to the given question, the computation is shown below:-

a. The amount and character of gain Charlie recognizes from end-of-the-year distributions is

Particulars Amount

Tax basis a $18,750

Ordinary income b $23,750

Stock basis $42,500

(c = a + b)

Distribution $47,500 ($42,500 + $5,000)

b. The stock basis is

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4 years ago

The WTO settles trade disputes between governments.

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Answer:

True

Explanation:

This is not <em>all </em>that they do, however. In addition to settling trade disputes between varying governments, they also bolster the free trade movement by organizing trading negotiations, assisting developing countries of the contemporary age by providing training and tech assistance (helping modernize), and they administer prior GATT agreements, which helps international trade by removing or decreasing the power of trade tariffs.

Have a good day, good luck on your quiz :)

~Battlefortroy

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3 years ago

Read 2 more answers

The management of Green Energy Manufacturing is analyzing variable overhead variances for the fiscal period just ended. The flex

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The answer is 20,000 (U).

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3 years ago

What is implied if the inventory account has increased?

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Answer:

C. Cash flow from operating activities has decreased relative to net income.

Explanation:

As we know that

Operating activities involves those activities that impact the after-net income working capital. This will subtract the rise in current assets and a reduction in current liabilities, while adding the decline in existing assets and a rise in current liabilities.

It will adjust some adjustments in working capital. In addition, the depreciation expenses are applied to the net profit and the loss on the selling of assets is added, while the gain on the sale of assets is deducted

Hence, the C option is correct

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3 years ago

Raw materials inventory, beginning$1,200 Raw materials inventory, ending1,400 Work in process inventory, beginning7,100 Work in

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Answer:

76,800

Explanation:

Given that,

Raw materials inventory, beginning = $1,200

Raw materials inventory, ending = 1,400

Work in process inventory, beginning = 7,100

Work in process inventory, ending = 6,800

Raw materials acquired = 27,800

Cost of direct materials used in production = 27,600

Sales commissions to sell clackers = 2,100

Direct labor cost = 20,000

Total manufacturing overhead = 28,900

Cost of goods manufactured is determined the overall value of goods produced during a particular year and it is ready for sale. It includes all of the expenses that are incurred to convert the inventory in process into finished goods.

Cost of goods manufactured in June:

= Cost of direct material used in production + Direct Labor cost + Manufacturing Overhead + (Beginning work in process - Ending work in process Ending)

= 27,600 + 20,000 + 28,900 + (7,100 - 6,800)

= 76,800

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4 years ago