If a business is to be sold on terms that require deferred payments, why may the timing
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
If the shares of the corporation are sold the entire gain would be a capital gain to the vendor As a ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Question Posted:
Students also viewed these Business Law questions
-
Magna Charter has been asked to operate a Beaver bush plane for a mining company exploring north and west of Fort Liard. Magna will have a firm one-year contract with the mining company and expects...
-
Wolverine Corp. currently has no existing business in New Zealand but is considering establishing a subsidiary there. The following information has been gathered to assess this project: The initial...
-
The following arc several items that Golosow Company's controller has questioned regarding their inclusion in inventory: 1. An invoice has been received for goods ordered. The goods were shipped FOB...
-
Describe what happens if you apply binary search to an unordered array. Why shouldn't you check whether the array is sorted before each call to binary search? Could you check that the elements binary...
-
Listed below are the gross amounts (in millions of dollars) earned from box office receipts for the movie Harry Potter and the Half-Blood Prince. The movie opened on a Wednesday, and the amounts are...
-
What do you think are the greatest social issues raised by the IoT?
-
Commercial airliners normally cruise at relatively high altitudes \((30,000\) to \(35,000 \mathrm{ft}\) ). Discuss how flying at this high altitude (rather than 10,000 ft, for example) can save fuel...
-
1. Evaluate the problem-definition process. Has the problem been defined adequately so that a relevant decision statement can be written? 2. What research questions might be tested? 3. What might a...
-
BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA...
-
For Simonsen Village, prepare a government-wide statement of net position and statement of activities, and a governmental funds balance sheet and statement of revenues, expenditures, and changes in...
-
In general terms, what types of gains or losses may occur for tax purposes when specific business assets are sold?
-
If a group of business assets is sold with specific values attached to each item, what difference, if any, does it make whether the terms of payment (that is, the amount of cash and deferred...
-
In about 200 words, outline the difference between the Simple Object Access Protocol (SOAP) and the Representational State Transfer (REST) principle as they are used in the creation of Web services....
-
Compare and contrast the strengths and weaknesses of two (2) federal mitigation programs. Be sure to explain how each functions to mitigate hazards in the United States.
-
At the end of the year 2022, Statistics South Africa estimated the total amount spent on consumption, government purchases, investment, and net export of goods and services to arrive at the country's...
-
According to the Google, Inc. Privacy Policy Litigation, on what date did Google announce their new universal privacy policy?
-
What would be considered "accumulated taxable income" for the year?
-
Explain how the reasons for the downward sloping of a demand curve for a normal good can be applied to the demand for healthcare goods and services.
-
In a study of the progeny of rabbits, Fibonacci (ca. 1170ca. 1240) encountered the sequence now bearing his name. The sequence is defined recursively as a n+2 = a n + a n+1 , where a 1 = 1 and a 2 =...
-
Distinguish among total-moisture content, free-moisture content, equilibrium-moisture content, unbound moisture, and bound moisture.
-
Bendetta, a high-tax-rate taxpayer, owns several rental properties and would like to shift some income to her daughter, Jenine. Bendetta instructs her tenants to send their rent checks to Jenine so...
-
Using the facts in the previous problem, what are some ways that Bendetta could shift some of the rental income to Jenine? What are the disadvantages associated with these income-shifting strategies?
-
Using the facts in the previous problem, what are some ways that Bendetta could shift some of the rental income to Jenine? What are the disadvantages associated with these income-shifting strategies?
-
Assume an organization needs to do mass layoffs in order to counteract the slowing market demand for their product. What would be considered going above and beyond legal duty to do the right thing by...
-
We are in an incredibly stressful time in our lives. Watch the Ted Talk, "How Burnout Makes Us Less Creative". Share your thoughts on the video. Then discuss what are some actions that you can take...
-
Image transcription text QUESTION 1 Diffusion (a) The diffusion coefficients for carbon in nickel are given at two temperatures as shown in Table 1: Table 1 diffusion coefficients for carbon in...
Study smarter with the SolutionInn App