Answers in the completed spreadsheet, as well as the formuals I used.
Hope this helps!
The amount in interest is specified in the policy and compounds annually
Answer:
300 shares
Explanation:
Based on Family attribution rules the rules often requires that the family attribution should occur between parents, their children and grandchildren, regardless of their age.
But based on the information given in which Panda Company is owned equally by Min, her husband, Bin, her sister Xiao, and her grandson, Han in which each of them hold 100 shares in the company which means Under the family attribution rules we would excludes Min sister Xiao from the shares.
Hence, the shares of Panda stock that Min is deemed to own will be:
Min +husband Bin + her grandson Han =3 individual
100 shares ×3=300 shares
Therefore Under the family attribution rules, 300 shares of Panda stock is what Min is deemed to own
Answer:
B)
Explanation:
Sue is not required to recognize gross income from the receipt of the funds, but she must reduce her cost basis in the land by $2000.-
