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Naya [18.7K]
2 years ago
5

Millie, age 80, is supported during the current year as follows: Percent of Support Weston (a son) 20% Faith (a daughter) 35% Ja

ke (a cousin) 25% Brayden (unrelated close family friend) 20% During the year, Millie lives in an assisted living facility. Under a multiple support agreement, indicate which parties can qualify to claim Millie as a dependent. a.Weston, Faith, Jake, and Brayden. b.Weston and Faith. c.Faith, Jake, and Brayden. d.Faith.
Business
1 answer:
dezoksy [38]2 years ago
3 0

The parties who may qualify to claim Millie as a dependent are Weston and Faith (option B)

A support agreement is a contract between one or more people who voluntarily agree to support other people (usually children or elderly parents).

In the case presented, the people who qualify are:

  • Weston and Faith (option B)

These two people qualify because between them they give more than 50% of the support and are closely related to Millie, they are her children.

On the other hand, Jake and Brayden do not classify because they do not contribute equally or more than 50% of the support and one of them is not related to Millie.

According to the above, the correct answer is B, because it mentions the people who qualify to claim Millie as a dependent.

Learn more in: brainly.com/question/12090527

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kupik [55]

Answer:

Y : Z = 3 : 1

Explanation:

Given:

X's share = 2/3

Y's share = 1/4

Z's share = 1/12

Find:

New ratio, when X retires ​

Computation:

X retires , So remain partners are 'Y' and 'Z'

Y's share = 1/4

Z's share = 1/12

Y : Z = 1/4 : 1/12

By taking LCM:

Y : Z = 3/12 : 1/12

Y : Z = 3 : 1

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Main Content

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4 0
1 year ago
Hunter Company reported a net loss of $12,000 for the year ended December 31, 2017. During the year, accounts receivable decreas
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Answer:

$50,000

Explanation:

The preparation of the operating activities under the indirect method is shown below:

Cash flows from operating activities

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Add: Depreciation expense  $24,000

Add: Decrease in account receivable $28,000

Less: Increase in inventory -$20,000

Add: Increase in account payable $30,000

Cash provided from operating activities  $50,000

The options are incorrect. The right answer is shown above

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3 years ago
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Vladimir79 [104]

The answer is: B. State ; B. payroll

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3 years ago
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