3 years ago

Which is TRUE?

Business

2 answers:

fiasKO [112]3 years ago

8 0

D. is correct. Both share responsibility

chubhunter [2.5K]3 years ago

4 0

D. Both share responsibility and control over the property.

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Molly is a 30% partner in the MAP Partnership. During the current tax year, the partnership reported ordinary income of $200,000

loris [4]

Answer:

The answer is: C) $62,000

Explanation:

The partnership had a total ordinary income of $200,000. It made guaranteed payments to its three partners (Molly, Amber and Pat) of $20,000 each ($60,000 in total).

So the partnership adjusted income is reduced to $140,000, out of that amount, 30% belongs to Molly. Molly's share of the partnership adjusted income is $42,000.

Molly's total earnings from the partnership are $62,000 ($20,000 + $42,000)

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3 years ago

Which of the following is an example of a direct tax?

GREYUIT [131]

Sales tax !!
hopefully this helps

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3 years ago

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What is a service technology? Are different types of service technologies likely to be associated with different structures? Exp

Soloha48 [4]

Explanation:

it refers to the use of services for software development, where a service is an autonomous, platform agonstic software component that operate within an ecosystem of services

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3 years ago

The Taffy Trust is a simple trust. Sean is its sole beneficiary. In the current year, the trust earns $12,000 in taxable interes

algol [13]

Solution and Explanation:

a. Accounting income is computed below:

Taxable interest 12,000.00

Rental income 30,000.00

Long term capital gain 0.00

Long term capital loss 0.00

Fees 0.00

Less: depreciation -2,800.00

Trust accounting income 39,200.00

b. One half of fiducary's fee = 6500 divided by 2 = 3250. This amount will be allocated to accounting income of the trust.

Taxable interest 12,000.00

Rental income 30,000.00

Long term capital gain 4,000.00

Long term capital loss -1,100.00

Fees -3,250.00

Depreciation -2,800.00

Trust accounting income 38,850.00

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3 years ago

Assume that a company announces an unexpectedly large cash dividend to its shareholders. In an efficient market without informat

HACTEHA [7]

Answer:

The correct option is A, abnormal price change at the announcement

Explanation:

Abnormal price increase before the announcement would only be the case if the there was insider dealing, that is there exists information leakage.

An abnormal price decrease cannot be the case, the market prices a share based on its earnings' strength, in other words a stock with high dividends prospect is priced high.

Option D is wrong there would a price change stemming from the announcement made about large cash dividends payout

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3 years ago