Answer:
True
Explanation:
"Nonliquidating corporate distributions are distributions of cash and/or property by a continuing corporation to its shareholders. At the shareholder level, a nonliquidating corporate distribution can produce a variety of tax consequences, including taxable dividend treatment, capital gain or loss, or a reduction in stock basis. [...]
The corporate-level tax consequences of a nonliquidating corporate distribution depend on whether the distribution consists of cash or property (other than cash). The corporation does not recognize gain or loss when it distributes cash to shareholders or when it redeems stock in exchange for cash payments."
Reference: Ellentuck, Albert B. “Understanding the Effects of Nonliquidating Distributions on Corporations.” The Tax Adviser, 1 Jan. 2009
Answer:
A. Waive any marital on homestead rights
Explanation:
According to my research on different realty or property laws, I can say that based on the information provided within the question the purpose of obtaining the wife's signature is to waive any marital on homestead rights. She would be signing a homestead waiver which is a document where the spouse of a homeowner gives up the statutory homestead rights under applicable state law.
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Answer:
7.76%
Explanation:
The computation of the weighted average flotation cost is shown below:
= Weightage of equity × flotation cost for new equity + Weightage of debt × flotation cost for debt
Since the debt-equity ratio is 0.7 which means the debt value is 7 and the equity value is 10 so the total firm would be 1.70
So, Weighted of debt = (0.7 ÷ 1.70) =0.411
And, the weighted of common stock = (Common stock ÷ total firm)
= (1) ÷ (1.70)
= 0.588
Now put these values to the above formula
So, the value would equal to
= (0.588 × 9%) + (0.411 × 6%)
= 0.05292% + 0.02466%
= 7.76%
Answer: largely efficient
Explanation:
The fact that less than half of all equity fund managers beat the market in most years indicate that the stock market is largely efficient.
According to the strong-form hypothesis of the efficient market, when there is an efficient market, all the private and public information would be reflected in the prices of the stock.
Answer:
$3,135 unfavorable
$9,937.50 unfavorable
Explanation:
The formula and the computation of the direct labor price and efficiency variance is shown below:
Direct labor price variance
= (Standard rate - Actual rate) × Actual hours of production
= ($15- $145,600 ÷ 9,500 hours ) × 9,500 labor hour worked
= ($15 - $15.33) × 9,500 labor hour worked
= $3,135 unfavorable
Labor efficiency variance is
= (Actual production - standard production) × standard rate per unit
= (6,600 units - 9,500 hours ÷ 1.6 hours) × $15
= (6,600 units - 5,937.0) × $15
= $9,937.50 unfavorable
Since the actual hours is more than the standard one so it would lead to unfavorable variance
