Partnership ABCDis comprised of two individuals who are general partners in a business partnership WXYZ, which is owned by two individuals OAK corporation, a business structured as a C-corporation. How many schedule K-1 must be filed by Partnership ABCD?
A)Two
B)Three
C)Four
D)Five
Answers
Partnership ABCD is comprised of two individuals who are general partners in a business partnership WXYZ. This means that Partnership ABCD itself is a separate legal entity from OAK Corporation, which is structured as a C-corporation.
In this scenario, Partnership ABCD would need to file a Schedule K-1 for each of its general partners. Since there are two individuals who are general partners in Partnership ABCD, the correct answer would be:
A) Two
Partnership ABCD would file two Schedule K-1 forms, one for each general partner, to report their share of the partnership's income, deductions, and other relevant information on their personal tax returns.
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Related Questions
When a manager creates a budget that is too easy to attain, ______ occurs.
Answers
Answer:
Explanation:
budgetary slack
The agency of the united states government that oversees the u. S. Financial markets is the.
Answers
The agency of the united states government that oversees the U.S. Financial markets is the Securities and Exchange Commission (SEC).
Discuss Security Exchange Commission.
The Securities and Exchange Commission (SEC) is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, and the securities and investment instruments market, and the protection of the investing public.
It was founded on October 26, 1936 by Commonwealth Act (CA) 83. Subsequent laws were enacted to encourage investments and more active public participation in the affairs of private corporations and enterprises, and to broaden the Commission’s mandates.
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An oligopoly firm is similar to a monopolistically competitive firm in that.
Answers
Answer:
An oligopoly firm is similar to a monopolistically competitive firm in that both firms face the prisoner's dilemma. both firms are in industries characterized by an interdependent firm. both firms have market power. both operate in a market in which there are significant entry barriers.
Jordan is living out the american dream; at long last he is ready to purchase his dream home, a two-story house in a modern, happening suburb just outside los angeles. Before he can purchase the house, though, he needs a loan. At the loan office, a credit check is performed on jordan despite the fact that he insists that he is fiscally responsible. The loan office discovers that jordan has bad credit due to unpaid credit card bills and refuses to give him a loan, dashing his dreams of his first home. This credit check is an example of moral hazard. Signaling. Screening. A sin tax
Answers
This credit check is an example of screening by the company given that a credit check is being performed on Jordan. Option 3
What is a credit check?A credit check, sometimes referred to as a credit search, is when a business examines data from your credit report to comprehend your spending patterns. Although they don't always require your permission to do this, they must have a good reason (e.g. you applied for a loan with them).
Your credit reports detail the kinds of credit accounts you've had, your payment history, and other details including your credit limitations.
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lollllaoqlqlwlwkwjebsnan
Answers
The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.
Using Conservation of Angular Momentum we can find the new rotation of the earth.
L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.
5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega
-> solve for omega = 7.292115899502489e-05
This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.
Dell and apple, which sell many of their systems direct to the consumer, bypass traditional retail chains and intermediaries. this is an example of _________.
Answers
The above-mentioned scenario is the example of Disintermediation.
What is Disintermediation?The term disintermediation is defined as remove all kind of the middle and intermediaries between the buyer and the seller. It is the strategy adopted by the manufacturer to sell their products directly to the consumers.
The Dell and apple are the manufacturers which sells their products directly to the consumers and cuts the cost of the intermediaries. Therefore, it can be concluded that Disintermediation is an example of the above scenario.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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ayayai corp. has assets of $4424000, common stock of $1086000, and retained earnings of $626000. what are the creditors’ claims on their assets? $2026000 $4042000 $4896000 $2712000
Answers
Creditors' claims on Ayayai Corp.'s assets amount to $4,042,000.Creditors' claims on a company's assets are calculated by subtracting the total stockholders' equity from the total assets.
In this case, the assets of Ayayai Corp. are $4,424,000, and the stockholders' equity consists of common stock worth $1,086,000 and retained earnings of $626,000. Subtracting the stockholders' equity from the total assets gives us $4,424,000 - ($1,086,000 + $626,000) = $4,042,000. This means that creditors have a claim of $4,042,000 on Ayayai Corp.'s assets.
Creditors' claims on a company's assets represent the amount owed to external parties, such as lenders and suppliers, in the event of liquidation. It's important to differentiate between stockholders' equity, which represents the ownership interest of the company's shareholders, and the claims of creditors. Stockholders' equity includes common stock and retained earnings, which are the accumulated profits of the company that have not been distributed to shareholders.
To calculate creditors' claims, we start with the total assets of the company. In this case, Ayayai Corp. has assets worth $4,424,000. Then, we subtract the stockholders' equity, which consists of common stock ($1,086,000) and retained earnings ($626,000). By subtracting the stockholders' equity from the total assets, we find that creditors' claims amount to $4,042,000. This represents the portion of the assets that is not owned by the shareholders, but rather owed to external parties.
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Career pathways never overlap.
A.
True
B.
False
Answers
Answer: Your answer should be False! For me, career pathways always overlap!
Explanation: Thank you for the points!!
what kind of employees can fill the three levels of management
Answers
Answer:
hierarchy: Any group of objects ranked so that every one but the topmost is subordinate to a specified one above it.
manager: A person whose job is to manage something, such as a business, a restaurant, or a sports team.
board of directors: A group of people, elected by stockholders, to establish corporate policies, and make management decisions.
top management: company employees responsible for controlling and overseeing the entire organization
middle management: company employees that are accountable for controlling and overseeing a department
Explanation:
Most organizations have three management levels:
Low-level managers;
Middle-level managers; and
Top-level managers.
These managers are classified in a hierarchy of authority, and perform different tasks. In many organizations, the number of managers in every level resembles a pyramid.
Top-level managers
The board of directors, president, vice-president, and CEO are all examples of top-level managers.
These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business.
In addition, top-level managers play a significant role in the mobilization of outside resources.
Top-level managers are accountable to the shareholders and general public.
Middle-level managers
General managers, branch managers, and department managers are all examples of middle-level managers. They are accountable to the top management for their department’s function.
Middle-level managers devote more time to organizational and directional functions than top-level managers. Their roles can be emphasized as:
Low-level managers
Supervisors, section leads, and foremen are examples of low-level management titles. These managers focus on controlling and directing.
Low-level managers usually have the responsibility of:
A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
Answers
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
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Lionel rents an apartment under a three-year lease. After the first six months of the lease, the landlord sells the building. What effect will this have on Lionel
Answers
When the landlord sells the building in which Lionel's apartment is located, it will generally have a few effects on Lionel.
Here are the key points:
1. Continuation of the lease: In most cases, Lionel's lease will still be valid and enforceable. The new owner must honor the terms of the existing lease, including the remaining duration of the lease.
2. New landlord: Lionel will have a new landlord, the buyer of the building. He should establish communication and contact details with the new landlord for any future concerns or issues related to the apartment.
3. Rent payment: Lionel will need to redirect his rent payments to the new landlord as specified. The new landlord should provide instructions on where to send the rent, such as a new address or bank account.
4. Terms and conditions: The new owner may choose to make changes to the terms and conditions of the lease once it expires. However, during the remaining duration of the lease, Lionel's rights and obligations should remain the same.
5. Lease renewal: Once Lionel's current lease ends, the new owner may choose to offer a lease renewal or negotiate new lease terms. At that point, Lionel can discuss and decide whether to continue renting the apartment or seek alternative housing options.
Remember, these effects may vary depending on local laws and specific lease agreements. It is advisable for Lionel to review his lease contract and consult with legal counsel if needed to fully understand his rights and responsibilities in this situation.
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Adjusting Entries are used by
which of the following
accounting methods?
A. Generally Accepted Accounting Principles
B. Universal Accounting Practices
C. American Accounting Methods
D. All of the Above
Answers
Answer:
accrual accounting method
Answer:A. Generally Accepted Accounting Principles. I hope this helps
Explanation:
The correct answer is A. Generally Accepted Accounting Principles, as this is a widely recognized set of accounting rules and standards that are used in the United States. B and C are not commonly recognized accounting methods.
Can anyone help me?
Saving money allows u to set more aside in a(n) ____ fund
Emergency
Bond
Exchange
Answers
Answer:
Saving money allows you to set more aside in an Emergency fund.
( 45 POINTS) The receiving process is one that involves multiple steps and is a highly important part of the distribution channel. If errors are made here, it can disrupt the rest of the channel.
True
Neither true or false
False
Answers
Answer:
True
Explanation:
Hope It Helps
Activity-Based Flexible Budgeting
Wade Paving Company has a sealcoating activity and wants to develop a flexible budget formula for the activity. The following resources are used by the activity:
• Five truck-mounted sealing units, with a lease cost of $11,000 per year per unit
• Ten sealcoating employees each paid a salary of $54,000 per year (A total of 9,000 sealcoating hours are supplied by the 10 workers.)
• Sealcoating materials: $300 per job
• Sealcoating hours: 3 hours used per job
During the year, the activity operated at 85 percent of capacity and incurred the following actual activity and resource costs:
• Lease cost: $55,000
• Salaries: $556,200
• Sealcoating materials: $759,600
Required:
1. Prepare a flexible budget formula for the sealcoating activity using sealcoating hours as the driver.
Sealcoating cost 2. Prepare a performance report for the sealcoating activity. In the last column of Wade Paving Company Activity-Based Performance Report, if variance amount is
unfavorable
Answers
Flexible Budget Formula for Sealcoating Activity using Sealcoating Hours as the Driver: To prepare a flexible budget formula, we need to determine the cost per sealcoating hour for each resource used in the activity.
Then we can calculate the total cost based on the actual sealcoating hours.
a. Truck-mounted sealing units lease cost:
Total lease cost per year for all units = 5 units * $11,000 per unit = $55,000
Cost per sealcoating hour = Total lease cost per year / Total sealcoating hours supplied by the 10 workers
Cost per sealcoating hour for truck-mounted sealing units lease = $55,000 / 9,000 sealcoating hours
b. Sealcoating employees' salaries:
Total salaries per year for all employees = 10 employees * $54,000 per employee = $540,000
Cost per sealcoating hour for employees' salaries = Total salaries per year / Total sealcoating hours supplied by the 10 workers
Cost per sealcoating hour for employees' salaries = $540,000 / 9,000 sealcoating hours
c. Sealcoating materials:
Cost per sealcoating hour for materials = Total materials cost per year / Total sealcoating hours supplied by the 10 workers
Cost per sealcoating hour for materials = $759,600 / 9,000 sealcoating hours
The flexible budget formula for the sealcoating activity using sealcoating hours as the driver can be expressed as:
Total Sealcoating Cost = (Cost per sealcoating hour for truck-mounted sealing units lease * Actual sealcoating hours) +
(Cost per sealcoating hour for employees' salaries * Actual sealcoating hours) +
(Cost per sealcoating hour for materials * Actual sealcoating hours)
Performance Report for the Sealcoating Activity:
Wade Paving Company Activity-Based Performance Report
Actual sealcoating hours: 9,000 hours
Actual sealcoating cost:
Lease cost: $55,000
Salaries: $556,200
Materials: $759,600
Total actual sealcoating cost: $1,370,800
Flexible budget sealcoating cost:
Lease cost: (Cost per sealcoating hour for truck-mounted sealing units lease * Actual sealcoating hours)
Salaries: (Cost per sealcoating hour for employees' salaries * Actual sealcoating hours)
Materials: (Cost per sealcoating hour for materials * Actual sealcoating hours)
Total flexible budget sealcoating cost: Calculate using the flexible budget formula from step 1
Variance:
Actual sealcoating cost - Flexible budget sealcoating cost
If the variance amount is unfavorable, it means the actual cost exceeded the flexible budget cost. If it is favorable, it means the actual cost was less than the flexible budget cost.
The performance report will provide a comparison between the actual sealcoating cost and the cost calculated based on the flexible budget formula. It will help assess the efficiency and effectiveness of the sealcoating activity and identify any cost variances that need to be addressed.
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skipppy boop bom po part 2
Answers
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
are partnerships that provide professional and noncommercial assistance or advice.
Trading partnerships
Non-trading partnerships
General partnerships
Hi Special partnerships
Answers
Answer:
Non-trading partnerships
Explanation:
The non-trading partnership is a partnership that provides the professional and uncommercial advice or suggestions in terms of legal, medical, accounting, etc. Here all the partners have an active role for managing the business also they have unlimited liability with respect to any claim that against the firm
Therefore as per the given situation, the second option is correct
Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.
Requried:
What accounting recognition, if any, should be accorded this situation?
Answers
The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.
Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.
Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as followsIn conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000
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the first step in the managerial decision-making process is to
Answers
Answer:
1. Establish the objectives
2. Defining the problem
The first step in the managerial decision-making process is to establish the objectives and defining the problem.
What is a decision-making process?This process involves making of choices by identifying a decision, gathering information and assessing alternative resolutions.
However, the first step in the managerial decision-making process is to establish the objectives and defining the problem.
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what best describes the role of government in a free enterprise system?
Answers
Answer:
Allow individuals to operate their businesses in ways they think will maximize their profits.
Explanation:
Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
A currency fixture is
Answers
Answer:
The currency fixture is referring to the foreign exchange rates, that are set in London every day at 4 PM.
Explanation:
These are known as benchmark rates and are determined related to the real transactions, that traders were conducting on the market in 60 seconds.
The rates for 21 currencies are determined on the medium level of all the trades that go through in this one minute.
When would it be appropriate to use licensing and when would be most appropriate to go with franchising?
Answers
Licensing and franchising are both methods of expanding a business, but they differ in some key ways.
Licensing involves granting permission to a company or individual to use a product or service, while franchising involves granting permission to operate an entire business model. Licensing is generally appropriate when a company wants to expand its brand recognition or reach new markets without investing a lot of money or resources.
Franchising is generally appropriate when a company wants to rapidly expand its business while minimizing its investment and risk. Franchising involves granting permission to operate an entire business model, including branding, products, services, and operations.
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where does telephone and printing goes in the trial balance
Answers
Answer:
Printing and Stationery expenses are indirect expenses. Therefore, these expenses are shown in expenses side of profit and loss account, so it will be in credit side of trial balance.
The United Stated Supreme court is:
*
O Elected to six-year terms
O The supreme law of the land
O Restricted by state laws
O Restricted to decisions regarding federal law
Answers
The United Stated Supreme court is Restricted to decisions regarding federal law.
The federal law are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature.
The Supreme court of the United State is the highest court in the American judicial system and has the power to decide appeals on all cases brought in federal court or those brought in state court dealing with federal law.
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Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands):
Sales revenue 34,000 Cost of goods sold 18,500
Interest revenue 420 Selling and administrative expense 4,100
Interest expense 620 Restructuring costs 2,400
In addition, during the year the company completed the disposal of its plastics business and incurred a loss from operations of $3.2 million and a gain on disposal of the component’s assets of $5.2 million. 600,000 shares of common stock were outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25% on all items of income (loss).
Required:
Prepare a multiple-step income statement for 2021, including EPS disclosures. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands except earnings per share. Round EPS answers to 2 decimal places.)
Answers
Answer:
Rembrandt Paint Company Income Statement - December 31, 2021Sales revenues $34,000
- Cost of goods sold ($18,500)
Gross margin $15,500
Operating expenses:
- Selling and adm. expenses ($4,100)
- Restructuring costs ($2,400)
Total operating expenses ($6,500)
Income from operations $9,000
Other revenue and expenses:
Gain on sales of assets $5,200
Interest revenue $420
Loss from discontinued oper. ($3,200)
Interest expense ($620)
Total other revenue and expenses $1,800
Net income pre-tax $10,800
Income taxes (25%) ($2,700)
Net income after taxes $8,100
Shares outstanding 600,000
Earnings per share (EPS) $13.50
Okay is it just me or is anyone else getting so many exams and redos right now
Answers
Answer:
ufff
Explanation:
exam s are over Best Of Luck ! ❤️❤️
Answer:
i am
Explanation: hey it me mat, i know its been a while and you problably forgot about me by now but. im sorry and id like to talk.
There are three different types of slings. What determines which type you use? Select all that apply.
Select the 2 answer options that apply.
What’s available at your worksite
The type of load
Environmental factors
The type of crane
Answers
Answer:the type of load
environmental factors
Explanation:
Answer:
The type of load
Environmental factors
Explanation: Took the test and got it right.