Answer: Do your own homework
Explanation:
It’s easy
Answer:
there is gain and receive is $100 long term gain
Explanation:
given data
Sadie sold = 10 shares
Sadie sold shares of stock = $500
time = 16 year ago
Sadie purchased the stock = $600
time = 2 year earlier
George sells stock = $700
to find out
amount and character of his recognized gain or loss in the current year
solution
we know that George receives dual basis in the stock
his loss = $600 - $500 = $100
and
if we consider stock is sold at a gain
then George receives a carryover basis = $600
and
if we consider stock is sold at a loss
then George receives = $500
also here his sister basis and holding period is transfer to her brother
so we can say there is gain
and receive is = proceed - carryover basis
receive is = $700 - $600
receive is $100 long term gain
Answer and Explanation:
The journal entry to record the tax provision is given below:
Income tax expenses $48,840,000
Deferred tax assets ($10,900,000 ×0.40) $4,360,000
To Deferred tax liability (($15,900,000 + $1,900,000)×0.40) $7,120,000
To Income tax payable ($129,000,000 ×0.40) $51,600,000
(To record income tax expenses)
Here the income tax expense and deferred tax asset should be debited as it increased the asset and expenses and credited the liability & tax payable as it increased the liability
When comparing Mexico to Scotland, you would expect Scottish workers to have greater productivity and higher labour cost per worker
Explanation:
One may expect that a Scotland plant will be less labour intensive and efficient per worker than just Mexican facilities as a more advanced technological nation and that "higher productivity and low labour cost" will be the right answer.
Both possibilities for lower productivity can be excluded as they demonstrate lower productivity. "Higher productivity, but less energy per job" is not the solution because it recognises lower labour costs per worker rather than higher.
The increase in labour productivity relies, according to certain studies, on three key factors: innovation and capital goods saving, modern technology and human capital.
<h2>Maximum loss limited to their capital investment</h2>
Explanation:
- As an investor there is a possibility of both profit and loss. If it is sole proprietorship, the profit or loss will be put on the his / her shoulder.
- In case of limited partner, the advantage is that if there is a loss occurred it will" limit to their capital investment".
- He/she enjoys "protected investments"
- There will not be any huge loss since the capital invested is limited.
- "A company can have more than one limited partner"
