Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
Hope this helps.☝
Answer: The donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.
Explanation:
From the question, we are informed that a customer owns 200 shares of ABC, that were bought 2 years ago at $50 per share and that the current market value of ABC stock is $60 per share.
If the customer gifts the stock to his son, the result is the donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.
Upward and downward changes in aggregate economic activity, as measured by GDP, are called Business cycles.
<h3>What is
Business cycles?</h3>
Business cycles can be regarded as the cyclical upswings as well as the downswings that is been used in in the broad measures of economic activity.
Therefore, Business cycles is Upward and downward changes in aggregate economic activity, as measured by GDP.
Learn more about Business cycles at:
brainly.com/question/22560632
#SPJ1
Answer:
-0.67%
Explanation:
We are told that 30 shares of Stock are purchased for $30/share..
This gives a total value of: 30 × 30 = $900.
Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.
Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%
