Answer:
The balance in the paid in capital in excess of par will be $478,950.
Explanation:
As 4,210 shares is retired and each shares carries a $5 Paid-in capital in excess of par ( Issued price - Par value = $8 - $3 = $5), the retirement of 4,210 shares will include the clear of 4,210 x 5 = $21,050 in Paid-in capital in excess of par.
The beginning balance of the Paid-in capital in excess of par account = (8 -3) x 100,000 = 300,000
=> The remaining balance of the Paid-in capital in excess of par account = 500,000 - 21,050 = $478,950.
So, the answer is $478,950.
Product Liability Law is the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.
Answer:
Amount to be paid annually by Ned Winslow = $8461.35
Explanation:
Fv = <u>A ( 1 + r)∧n - 1 </u>
r
90,000 = <u>A ( 1 + 0.08)∧8 - 1</u>
0.08
90,000 = <u>A ( 1.8509 - 1)</u>
0.08
90,000 = 10.6366A
A = 90,000/10.6366
= $8,461.35
Answer:
$500
Explanation:
Damages refer to the financial loss suffered by a party to a breached contract. It occurs as a result of one party refusing to perform their obligation in the contract, causing injury and losses to the other.
Damages are the extra expense incurred by the offended party due to the breach of contract. The calculation of damages involves getting the difference between the market price and the contract price. For Diana, the damages will be the market price of $4.50, and the contact price $3.50. Because the books were 500, her damage would be 500 X 1 = $500.
The gross value of qualifying property left to the surviving spouse is included in the marital deduction. This is not a requirement of the unlimited marital deduction.
Hence, option D is the correct answer.
Unlimited marital deduction is a clause that enables a person to give their spouse limitless property at any time. This clause belongs to the federal estate of the United States. No limitation on the transfer of property is imposed.
There is no requirement for the gross value of the property that is kept for the surviving spouse under the unlimited marital deduction.
Option a is wrong because a husband and wife must be married in order to qualify for the unlimited marital deduction, this choice is incorrect.
Option b is improper since the property should be passed to the spouse through real estate under unlimited marital deductions.
Option c is erroneous because, in order to qualify for the unlimited marital deduction, the surviving spouse must be a citizen of the United States.
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