Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1.500 shares for S80 per share. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. (Omit the "S" sign In your response.) C- 1. Assets Liabilities & Shareholders' Equity Microsoft shares Bank loan Computers Shareholders' equity Total Total 54 %24 54

Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1.500 shares for S80 per share. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft. (Omit the "S" sign In your response.) C- 1. Assets Liabilities & Shareholders' Equity Microsoft shares Bank loan Computers Shareholders' equity Total Total 54 %24 54

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter21: Financial Markets, Saving, And Investment

Section: Chapter Questions

Problem 2P

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Jennifer, a CFP® practitioner meets with new clients, Max and Alicia, for the first time. She reviews their overall financial and estate planning goals, and their list of current assets. Max and Alicia have the following assets: Max’s 401(k) $250,000 - Alicia is the beneficiary Alicia’s 403(b) $520,000 – Max is the beneficiary House owned as TbyE valued at $350,000 Vacation home Max inherited with his sister Ava as JTWROS valued at $500,000 Mutual fund account owned as TIC valued at $700,000 Bond portfolio owned JTWROS valued at $600,000 Max and Alicia have two children – Doug and John. Doug is single and has no children. John was killed in a car accident last year, leaving two children, Tammy and Denise. Max and Alicia ask Jennifer several questions about their estate planning. Assuming Max predeceases Alicia and Alicia does not change her will, what is the amount that Tammy will inherit at Alicia’s death? Select one: a. $1,235,000 b. $1,110,000 c. $617,500 d. $605,000
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