When a policy is surrendered for its cash value,?

ABC Corporation has E & P of $240,000. It distributes land with a fair market value of $70,000 (adjusted basis of $25,000) to its sole shareholder, Paul. The land is subject to a liability of $55,000 that Paul assumes. Paul has: A a.

A company has retained earnings of $94,000 as of December 31, 2014. The Pro-forma income statement projects net income of $22,000 for 2015. The company expects to declare their annual dividend on March 15, 2015 of $0.

How is a loan obtained through a pawnshop typically off? A. In multiple payments, and collateral is retuned B. In a single payment, and the collateral is returned. C. The lender sells the item to pay off the interest. D.

X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale.

What is a homestead exemption? investment in realty that a debtor must forfeit equity in a home that a debtor is permitted to retain remainder of the debtor's interest in commercial property that is returned to him after fulfilling creditors' claims

If a suitcase has a sale price of $42 and the sale is 50% off, what was the original price?

Cecile is an avid cook and enjoys spending time in the kitchen as well as watching shows on the Food Network. She recently remodeled her kitchen and purchased new appliances.

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.

Niles and Marsha adopted an infant boy (a U. S. citizen). They paid $17,500 in 2016 for adoption-related expenses. The adoption was finalized in early 2017. Marsha received $3,600 of employer-provided adoption benefits.

Explain briefly why professional certification and membership in professional organizations are important.