Clark bought series ee u. s. savings bonds after 1989. redemption proceeds will be used for payment of college tuition for clark’s dependent child. one of the conditions that must be met for tax exemption of accumulated interest on these bonds is that the:
a. purchaser of the bonds must be the sole owner of the bonds (or joint owner with her or his spouse).b. bonds must be bought by a parent (or both parents) and put in the name of the dependent child. c. bonds must be bought by the owner of the bonds before the owner reaches the age of 24.d. bonds must be transferred to the college for redemption by the college rather than by the owner of the bonds.
Answers: 3
Business, 22.06.2019 00:20
Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports
Answers: 2
Business, 22.06.2019 17:10
At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)
Answers: 3
Business, 22.06.2019 19:50
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
Clark bought series ee u. s. savings bonds after 1989. redemption proceeds will be used for payment...
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