Answer:
The correct answer is letter "D": not a valid gift.
Explanation:
As long as a beneficiary is not legally included in a will and the testator passes away, that individual will not formally receive any property of the deceased. All the benefits will be given to the registered beneficiaries expressed in the document only. The verbal intentions of the testator are not considered for these purposes unless recorded and legally proven.
Answer: "Democratic"
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There is more than one reason, but there are two main things they are looking at. They need to see if you are paying on time. The payment history will show if you get behind or not. And because a utility bill is similar to a loan payment, because you have to pay it or you lose your services, they see how responsible you are by checking that. The second major reason they do this is to see what your debt is already. They want to make sure you can afford, with all your bills, to pay them back.
Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.
Answer:
The answer is $1,404,000
Explanation:
Total amount realized from the issuance: 40,000 shares x $24
= $960,000
Treasury stock repurchased:
6,000 shares x $26
=$156,000
Net income = $600,000
The total amount of stockholders' equity at December 31, 2018 is:
Net income + amount realized from issuance - amount of treasury stock
$600,000 + $960,000 - $156,000
$1,404,000
