Which of the following is an appropriate presentation of treasury stock?
a. As a marketable security
b. As a deduction at cost from total stockholders' equity
c. As a deduction at cost from total contingent liabilities
d. As a deduction at par from total stockholders' equity
B
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Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of $10,000. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption?
A) $1,200 loss B) $1,200 gain C) $17,000 loss D) $17,000 gain
Which of the following statements is true regarding distribution channels?
A) There are only two members in any distribution channel. B) The transaction channel is concerned with transfer of ownership. C) The distribution channel is concerned with the transfer of goods. D) All of the above are true. E) B and C only are true.
Taylor owns a wide variety of commercial rental properties held in a single-member LLC. Her LLC reports rental income of $750,000. The LLC pays no W-2 wages; rather, it pays a management fee to an S corporation that Taylor controls. The management company pays W-2 wages, but reports no income (or loss). Taylor’s total unadjusted basis of the commercial rental property is $5,000,000 and her taxable income before the QBI deduction (and his modified taxable income) is $1,000,000. What is Taylor’s QBI deduction for 2019?
What will be an ideal response?
The availability of inexpensive labor is related to what location decision consideration?
a. Labor issues b. Regional trade agreements c. Currency exchange rate and stability d. Taxes and incentives