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Keileigh Sweeney
Answers (6)
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When designing documents, you should place as much text as possible on a page to keep the reader engaged.
On Jul 14, 2024
False
KS
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A financial market is:
A) a place where investors can buy and sell securities.
B) the stock market.
C) regulated by well-defined rules and regulations.
D) All of the above
A) a place where investors can buy and sell securities.
B) the stock market.
C) regulated by well-defined rules and regulations.
D) All of the above
On Jul 11, 2024
D
KS
Answered
Rin owns 90% of Stempy Inc. On January 1, 2019, the investment in Stempy account had a balance of $350,000 and Stempy's common shares and retained earnings on that date were valued at $200,000 and $100,889 respectively. Moreover, the assets to which the unamortized acquisition differential relates had a remaining life of 10 years on that date. Rin uses the equity method to account for its investment in Stempy. The tax rate for both companies is zero.
Rin sold depreciable assets to Stempy on January 1, 2019 at an after-tax gain of $10,000. On January 1, 2020, Stempy sold depreciable assets to Rin at an after-tax gain of $20,000. Both assets are being depreciated over 10 years.
The tax rate for both companies is zero.
Stempy's Net Income and Dividends for 2019 and 2020 are shown below.
20192020 Net Incorne $80,000$120,000 Dividends $20,000$30,000\begin{array} { | l | r | r| } \hline & \mathbf { 2 0 1 9 } & \mathbf { 2 0 2 0 } \\\hline \text { Net Incorne } & \mathbf { \$ 8 0 , 0 0 0 } & \mathbf { \$ 1 2 0 , 0 0 0 } \\\hline \text { Dividends } & \mathbf { \$ 2 0 , 0 0 0 } & \mathbf { \$ 3 0 } , \mathbf { 0 0 0 } \\\hline\end{array} Net Incorne Dividends 2019$80,000$20,0002020$120,000$30,000 What is the balance in the Investment in Stempy account at the end of 2020?
A) $300,000
B) $350,000
C) $444,960
D) $469,000
Rin sold depreciable assets to Stempy on January 1, 2019 at an after-tax gain of $10,000. On January 1, 2020, Stempy sold depreciable assets to Rin at an after-tax gain of $20,000. Both assets are being depreciated over 10 years.
The tax rate for both companies is zero.
Stempy's Net Income and Dividends for 2019 and 2020 are shown below.
20192020 Net Incorne $80,000$120,000 Dividends $20,000$30,000\begin{array} { | l | r | r| } \hline & \mathbf { 2 0 1 9 } & \mathbf { 2 0 2 0 } \\\hline \text { Net Incorne } & \mathbf { \$ 8 0 , 0 0 0 } & \mathbf { \$ 1 2 0 , 0 0 0 } \\\hline \text { Dividends } & \mathbf { \$ 2 0 , 0 0 0 } & \mathbf { \$ 3 0 } , \mathbf { 0 0 0 } \\\hline\end{array} Net Incorne Dividends 2019$80,000$20,0002020$120,000$30,000 What is the balance in the Investment in Stempy account at the end of 2020?
A) $300,000
B) $350,000
C) $444,960
D) $469,000
On Jun 13, 2024
C
KS
Answered
_____ is spontaneous and free-flowing, without constraints, and typically results in many new ideas rather than one solution to a problem.
On Jun 11, 2024
Divergent thinking
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A transportation problem requires exactly as many origins as destinations.
On May 14, 2024
False
KS
Answered
In order to sue for trespass to land, what two elements must be established?
On May 11, 2024
First, there must be intrusion onto somebody's land either personally or with some object, and second, the intrusion must have been done without authority.