Ra Corporation issues a twenty-year obligation at its $1,000 face amount. Rames purchases the obligation for $1,000 on the issue date. Due to a decline in interest rates, Ra calls the obligation by paying $1,010 to each of the holders of the twenty-year obligations. What is the tax treatment of the $1,010 by Ra and Rames?
What will be an ideal response?
Rames will recognize a $10 capital gain on the repayment of the debt instrument. Ra will deduct the $10 premium paid as interest expense.
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Americans doing business abroad must conform to proper ethical and legal behavior as spelled out by the ________
A) TRIPs B) FCPA C) FERA D) ICJ
Fred Hammond recently invested in a project that has an expected annual cash inflow of $7,000 for 10 years, and an expected payback period of 3.6 years. How much did Fred invest in the project?
a. $19,444 b. $36,000 c. $25,200 d. $40,000
Describe three options for group-based incentives.
What will be an ideal response?
Your mentor, friends, and family can change your negative attitude to a positive attitude
Indicate whether the statement is true or false