[Solved] A corporation accumulates earnings to fun

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 16, 2024

A corporation accumulates earnings to fund the redemption of ashareholder's stock following her death so as to provide her estate with liquidity to pay death

A corporation accumulates earnings to fund the redemption of ashareholder's stock following her death so as to provide her estate with liquidity to pay death taxes. Such an accumulation of earnings is a reasonable business need

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2017

Authors: Bernard J. Bieg, Judith Toland

27th edition

ISBN: 1305675126, 1305675124, 9781305888586, 1305888588, 978-1337734776

More Books

Students also viewed these Accounting questions

Question

★★★★★

During 2011, Seagul Outboards sold 200 outboard engines for $250 each. The engines are under a one-year warranty for parts and labor, and from past experience, the company estimates that, on average,...

Answered: 1 week ago

Question

★★★★★

What are the three major types of product costs in a manufacturing company?

Answered: 1 week ago

Question

★★★★★

What do you like to do for fun/to relax?

Answered: 1 week ago

Question

★★★★★

Hefty Corporation would like to buy mineral leases owned by Tiny Corporation for $550,000. Tiny informs Hefty that these leases are not transferable under its current contract. Given that the leases...

Answered: 1 week ago

Question

★★★★★

Q 5 . In R programming language, the data structures most commonly used are: a ) Data Frame b ) Vector c ) Packages d ) Array

Answered: 1 week ago

Question

★★★★★

Assume that the $6,000 of debt in the previous example consisted of $4,000 of senior debt and $2,000 of subordinated debt. Now assume that EBITDA drops to $600, and is still valued at an 8x multiple....

Answered: 1 week ago

Question

★★★★★

Question 2 of 3 Liabilities and Fund Balances Current Liabilities Windsor Library Statement of Activities for Year Ended February 28, 2024 Expenses Program Services Circulating library Research...

Answered: 1 week ago

Question

★★★★★

Task 2 You (the learner) appraise the property. Mr Smith is a contractor of construction. Recently 35 employees are working for him. Mr Smith owns 03 road rollers, 01 overhead cranes, 03 excavators...

Answered: 1 week ago

Question

★★★★★

Is or is not.reject or support An education researcher claims that 59% of college students work year-round. In a random sample of 300 college students, 177 say they work year-round. At a = 0.05, is...

Answered: 1 week ago

Question

★★★★★

Shamar invoices a company for $6,000. When he looks at the Customer Balance Summary, he sees an amount of $13,000 that includes unpaid invoices. How can he find detail on the open invoices? Select an...

Answered: 1 week ago

Question

★★★★★

The Street Division of Labrosse Logistics just started operations. It purchased depreciable assets costing $36 million and having a four-year expected life, after which the assets can be salvaged for...

Answered: 1 week ago

Question

★★★★★

5. Consider an exponential family of models with canonical parameter 0 fly; 0, A) = exp[{y0- b(0)}/a(X) +C(y, *)] Now take a sample y1, y2. . ., yn. Consider a regression model linking p covariates...

Answered: 1 week ago

Question

★★★★★

What reward will you give yourself when you achieve this?

Answered: 1 week ago

Question

★★★★★

11. Now consider the different goals you have for your life in the future. See these goals in relation to your core values and your roles. How do goals affect your roles and your values? Development...

Answered: 1 week ago

Question

★★★★★

Does this future have a sound, an image, a taste or a smell that you can evoke here and now?

Answered: 1 week ago

Previous Question Next Question