You have deposited $2,000 into an account which earns 4.0% compounded quarterly. How much will your account be worth in 5 years? $2.323 $2.440 $2,433

Q: The investment of assets in a partnership by a partner increases both the partnership's

A: When a partner contributes assets to a partnership, these assets become a part of the partnership's…

Q: What are the four role categories that describe each spousein a household? Which role has changed…

A: These four criteria are used by marketers to characterize each spouse's function:   1.Autonomous…

Q: Question 15 Although a mutual promise to marry falls within the statute of frauds, prenuptial…

A: The objective of the question is to determine the validity of the statement regarding the statute of…

Q: Outline the responsibilities of the compliance officer or partner for income tax purposes in a…

A: Introduction:   A limited liability partnership (LLP) is a form of business partnership in which the…

Q: 16- Mutual agency means Top of Form Multiple Choice Creditors can apply their claims to…

A: A mutual agency is an agreement where one partner can bind the entire partnership into a contract.

Q: Give atleast 3 what you have learned about Death of a Partner and Incorporation in Partnership…

A: Death of a Partner 1) Death of a Partner: The partnership involves an end immediately, whenever a…

Q: State one advantage and one disadvantage of Sumit and Theo being in a partnership

A: Advantages of Partnership: Resource Pooling and ExpertiseOne of the primary advantages of Sumit and…

Q: Which of the following is not a close member of the family of a person in accordance to PAS 24?…

A: PAS 24 Deals with : Related Party Disclosures   This requires necessary disclosures relevant to any…

Q: Difference between partnership and company

A: A company owned by one individual is a proprietorship or sole proprietorship. When two or more…

Q: Which of the following items may be subject to the sef-employmant tax? A partners distributive…

A: The self-employment tax is a tax on net earnings from self-employment, which includes income from a…

Q: Issue and regulation in sole trader and partnership business for natalia Advise miss Natalia atleat…

A: Natalia, as a sole trader or partner in a business, may face several issues and regulations that can…

Q: A sale by the husband of their common property without the consent of the wife. a. Valid       b.…

A: All the common properties shall be valid only if all the members associated with that property gives…

Q: n In a general partnership, each partner is both a principal and an agent of the other partner(s). O…

A: Principal agent relaionship is one in which the principal appoints a member (agent) which is…

Q: Outline the responsibilities of the compliance officer or partner for income tax purposes in a…

A: Introduction:   A limited liability partnership (LLP) is a type of business alliance in which the…

Q: 45 Which of the following accounts is not maintained for each partner in its accounting records?…

A: In a partnership, each partner has several accounts to track various financial transactions. These…

Q: Question 8 One of the characteristics of a general partnership is voluntary association. O True O…

A: The answer for the true or false question and relevant explanation are presented hereunder :…

Q: solute because the laws on partnership specifically states that pursuant to the Doctrine of Delectus…

A: Partnership refers to the legal form of agreement between two or more partners who have mutually…

Q: Under what system is there a merger of all the properties of the husband and wife owned by them at…

A: In case of Absolute community of property, all assets that are  owned by the both husband and wife…

Q: Is Abandoned Spouse one of the filing statuses? Yes No

A: In order to file the return of the tax, a taxpayer has the file under the filing status and it is…

Q: Find the odd man out. a. Partners may have complementary skills b. Separate legal status to give…

A: SOLUTION A PARTNERSHIP A FORMAL ARRANGEMENT BY TWO OR MORE PARTIES TO MANAGE AND OPERATE A BUSINESS…

Q: the kinds of partnership? Please help me answer it

A: To analyse the different kinds of partnership as follows,

Q: QUESTION 17 Tri-State Fitness, Inc. licenses Exercise, Inc., pursuant to a contract, the right to…

A: solution note dear student as per the Q&A guideline we are required to answer the first question…

Q: What is the Effect of Foreclosure on Junior Lienors?

A: Effect of foreclosure on Junior lienors is: Junior Lienor’s claims on the property mortgage are…

Q: two kinds of Universal Partnership, includes: (A) Partnership of all present property; (B)…

A: Partnerships have many types based on the involvement of the partners in the partnership.

Q: Which of the following statutes are intended to provide for the needs of a surviving spouse or…

A: A statute is a rule or law which has been made by a government or other organization and formally…

Q: QUESTION 43 Ben is a sole trader carrying on a computer repair business and has four employees. Ben…

A: Fringe benifit are additional benifits provided by employer to its employees on their performance.

Q: 5. In limited partnership at least one partner should be: a.Creditor b.Money lender c.General…

A: General Partner in a Limited Partnership is responsible for the affairs of the partnership firm.…

Q: A partner is to a partnership like a(n) ______________ is to a corporation   a. Officer b.…

A: A partnership appears to be a non-formal firm run by more than one individual. The most frequent…

Q: 10. A schethle of cash distrilution is prepared, When the cash is sufficient, to determine among the…

A: Answer :- correct answer is true .

Q: Cliff's basis in his Aero Partnership interest is $13,900. Cliff receives a distribution of $26,600…

A: Liquidation of a partnership firm means shutting down the partnership business. In this case, the…

Q: QUESTION 22 Head-of-HHouschold filing status is for a family of one adult with dependents. O True O…

A: The filing status of an individual is determined based on factors such as marital status and the…

Q: 10.Ijarah is explained by which of the following   (A)Contract for usufruct (B)Contract of…

A: Ijarah means to give something on rent. It is defined as ‘to transfer the usage of a non-consumable…

Q: Distinguish Partnership from Corporation. Explain each

A: Partnership is an agreement between two or more persons in which they invest capital, run business…

Q: 14 Is donations tax payable on a donation between spouses? Does it matter whether the marriage is in…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Define partnership.

A: A partnership is an agreement that is signed and agreed between two or more partners for conducting…

Q: What are the kinds of partnership and explain

A: Partnership is the association of two or more individuals who contribute resources and capital to…

Q: In which order are partnership assets distributed to the partners?   Group of answer choices…

A: Loan is paid to the partner irrespective of the capital balance. Then profit is distributed to…

Q: Which of the following items may be subject to the self-employment tax? a.Dividend income b.Interest…

A: Introduction Self-employment tax: Self-employment tax is the tax which is imposed on business owners…

Q: Will you consider a partnership as a taxpayer? Yes or No.

A: Let us discuss about this in detail.

Q: Referring to your textbook, name and define the classess of tenancies. Within the section about…

A: Generally, the tenancy is of four types. Fixed term  Periodic tenancy Tenancy at will Tenancy at…

Q: community property of the spouses    Property inherited by the husband before marriage Winnings…

A: any income or any real or personal property that has been acquired by either of the sposes during…

Q: Compare and contrast two main filing statuses married file separate and married file jointly?…

A: Income tax is charged by two types of taxes Federal Tax State Tax According to the federal…

Q: True False

A: The contribution of property to a partnership involves transferring assets or rights by a partner to…

Q: 11. Who is a fiduciary 12. What are the different forms of business entities - sole proprietorships,…

A: A sole proprietorship is a kind of company in which only one individual is responsible for the…