Answer:
E&P $1,200,000 × 25%= $300,000 reduction
Crane Corporation would reduce its E & P in the amount of $300,000 as a result of the redemption.
This represents a 25% decrease in the amount of the E & P corresponding to the 25% stock redemption.
When a stock redemption results in sale or exchange treatment for the shareholder, the E & P account of a corporation is reduced in an amount not in excess of the ratable share of the E & P of the distributing corporation attributable to the stock redeemed.
As such, none of the expense of $13,000 of accounting and legal fees or other is deductible.
Answer:
A, it is prohibited
Explanation:
Under the U.S GAAP, subsequent reversal of a previously recognised intangible asset impairment loss is prohibited with the exception that the intangible asset is held up for the purpose of sale.
Cheers.
Graphic designers create visual concepts, using computer software or by hand, to communicate ideas that inspire, inform, and captivate consumers. They develop the overall layout and production design for applications such as advertisements, brochures, magazines, and reports.
Local languages, the dominant religions, views toward leisure time, and the age and lifespan demographics constitute the sociocultural factors that significantly influence business.
<h3>What is local language ?</h3>
Local Language means the language declared by the concerned State Government as their official language.
There are various type of languages :
- Standard / Polite / Formal.
- Colloquial / Informal.
- Regional Dialect.
- Social Dialect.
- Lingua Franca.
- Pidgin.
- Creole.
- Vernacular.
<h3>What is Sociocultural?</h3>
Sociocultural is a term related to social and cultural factors, which means common traditions, habits, patterns and beliefs present in a population group. The term is mostly used in sociologic and marketing contexts and refers to the most remarkable drivers behind the way people makes decisions in a society.
Therefore, The sociocultural influences that have a considerable impact on business are local languages, the prevalent faiths, attitudes toward leisure, and age and lifespan demographics.
Learn more about Sociocultural on:
brainly.com/question/24769813
#SPJ4
It’s important to check on your own emotions because then you know how you were actually feeling and you should always communicate to people about your emotions because they can help make sure you feel better about your emotions! :) make sure you add words
