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juin [17]
3 years ago
13

An estate left the decedent's farm to eight grandchildren. Because no form of ownership was specified in the decedent's will, ea

ch of the grandchildren receives A) a right of possession to one-eighth of the property. B) a one-eighth interest in the property as a tenant in common. C) a severalty interest in one-eighth of the property. D) a joint interest in the entire property.
Business
1 answer:
ivanzaharov [21]3 years ago
3 0

A right of possession to one-eighth of the property is what each of the eight

grandchildren will receive.

In cases where there is no will which specifies ownership then the estate will

have to be shared equally between the parties involved. They can however

do what they want with the share allocated to them.

In cases where there is no will and no relative, then it goes to the state. This

case involves eight grandchildren and it gives them the right to own one-

eighth of the property as a result of equal sharing.

Read more about Will on brainly.com/question/3882532

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ANTONII [103]

Answer:

the amount of dividends received by the common stockholders in 2017 is  $91,000

Explanation:

Holders of Common Stock receive their dividends after Holders of preferred stock have received their share.This is because the Holders of preferred stock  have first preference over Holders of Common Stock

Note : The Preference Shares are non-cumulative. Meaning that any dividends arrears will not be accumulated in other years.

<u>Calculation of Dividends attributable to common stockholders</u>

Dividend Declared and Paid - 2017                       $156000

<em>Less</em> Preference Dividend(13000×100×5%)          ($65,000)

Dividends attributable to common stockholders  $91,000

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3 years ago
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AP Mather sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Mather's pur
creativ13 [48]

Answer:

Method   Ending Inventory // COGS

W/A      2,585.75  //  10,549.25

FIFO     2,620     //    10,515

LIFO     2,539    //     10,596

Explanation:

sales: 102 units

Sept. 1 Inventory         12 units $100  $  1,200

Sept. 12 Purchases    45 units $103  $  4,635

Sept. 19 Purchases    50 units $104  $  5,200

<u>Sept. 26 Purchases   20 units $105  $  2, 100</u>

Availalbe for sale      127 units           $ 13, 135

Ending Invenotry     127 - 102 = 25 units

COGS will be calcualte as the difference between the cost of goods and the untis at ending inventory.

<u>Weigthed average:</u>

$13,135 / 127 units = 103,42519685 = 103.43 cost per unit

Ending Inventory: 25 units x $ 103.43 = $ 2.585,75

COGS : 13,135 - 2,585.75 = 10,549,25

<u>FIFO</u>

We sold the first, the last are ending invenotry

20 x 105 = 2,100 september 26th

 5 x 104 =    520 september 19th

Ending      2,620

COGS 13,135  -  2,620 = 10,515

<u>LIFO</u>

We sold the last, the first are ending inventory

12 x 100 = 1,200 September   1st

13 x 103  = 1,339 September 12th

Ending      2,539

COGS  13,135 - 2,620 = 10,596

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Answer and Explanation:

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Brittany sold her stock (the basis of $60,000) to her brother, Ridge, for $35,000, the fair market value. Her brother subsequent
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Answer:

Brittany sold her stock (the basis of $60,000) to her brother, Ridge, for $35,000, the fair market value. Her brother subsequently sells the stock to the third party for $34,000.

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Explanation:

The formula for calculating recognized Gain/[loss] is expressed below:

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Based on the calculation above, Ridge’s recognized gain or (loss) is ($ 1,000).

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