A. Business entity Research shows that Mr. Jones is better off forming an S-corporation opposed to a partnership. 26 U.S. Code 1361 states that an S-corporation is a company that operates domestically within the United States as well as the state in which the Articles of Incorporation are filed. It is more beneficial to be a domestic corporation because home states offer opportunities to reinstate active status to corporations who lapse in registration and taxes. If Mr. Jones fails to pay his annual
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purchased a home for $150‚000. Today‚ the home is worth $250‚000. His remaining mortgage balance is $100‚000. Assuming that Simon can borrow up to 75 percent of the market value‚ what is the maximum amount he can borrow? (LO 5.2) Present market value of Simon’s home = $250‚000. Simon can borrow up to 75 percent of the market value‚ or $187‚500. Simon still owes $100‚000 mortgage on his home. Therefore‚ he can borrow an additional $87‚500. 2. Louise McIntyre’s monthly gross income is $3‚000. Her employer
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Case 11-2(b) Fair Value Disclosures Case 11-2(b) is an extension of Case 11-2(a). For this case‚ assume that the Case 11-2(a) facts remain‚ with the exception of the additional assumptions listed below for each security. As stated in Case 11-2(a)‚ Family Finance Co. (FFC) accounts for its investments at fair value‚ with changes in fair value reflected either in earnings (for trading securities) or other comprehensive income (OCI) (for available-for-sale (AFS) securities). 1 Because FFC uses
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hdr03-10 chapter 8 052003.qxd 26/05/03 13:39 Side 145 CHAPTER 8 Policy‚ not charity: what rich countries can do to help achieve the Goals This chapter analyses the role of rich countries in the international compact to achieve the Millennium Development Goals‚ a compact that leverages the global commitments to reducing poverty by building on mutual responsibilities between poor and rich countries. Poor countries must improve governance to mobilize and manage resources more
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in Economics Public debt problem in Russia Student: Merefiianskyi Artem G. Group: 5203 Supervisor: Savinova M. Moscow 2006 CONTENTS INTRODUCTION 3 CHAPTER 1. Theoretical‚ historical and legislative aspects of public debt. 4 § 1. The meaning of public debt for a country. 4
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Democratic Senator Elizabeth Warren expressed her concerns about Navient’s acquisition of Earnest and further involvement in the private student loan market according to an interview with The International Business Times. She even mentioned that Navient should not be allowed to service federal student loans. She suggested that the deal may negatively impact student loan borrowers in several ways. One of her concerns included fears that Navient would start pushing student loan refinancing to federal
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Fluid‚ Electrolyte‚ and Acid-Base Balance: Introduction to Body Fluids 1. a. Where are fluids absorbed? ____________________ b. Where are excess fluids and electrolytes lost?____________________ 2. Name four of the six functions of water. a. b. c. d. 3. a. The amount of water in the body depends on the amount of ________________. b. From the CD‚ list the person with the highest and lowest percentage of water and give the percentage. 1. Highest ___________________ _______% 2. Lowest
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the husband. She didn’t address a “no secrets” policy in the informed consent. Sharing this information with the wife without his permission is unethical. In marriage counseling the “no secrets” policy needs to be addressed and explained in the informed consent. Since she did not have a policy concerning this‚ she is bound by confidentiality which should have been in her informed consent. * It is not the job of the counselor to instill his/her values onto a client. The counselor shold try to remain
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Chapter 26 VOCAB 1. Ottomans: Turkic people who advanced from strongholds in Asia Minor during 1350s; conquered large part of Balkans; unified under Mehmed I; captured Constantinople in 1453; established empire from Balkans that included most of Arab world. 2. Mehmed II: Ottoman sultan called the "Conqueror"; responsible for conquest of Constantinople in 1453; destroyed what remained of Byzantine Empire. 3. Janissaries: Ottoman infantry divisions that dominated Ottoman armies; forcibly conscripted
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spending with a lot more conviction at this point in the year than they were at this point in time last year‚ We feel like we’ve been chasing demand‚ and we’re feeling like we are starting to get out in front." Michael Dell‚ CEO‚ Dell Inc. Introduction On February 18th 2010‚ Dell’s profit dropped to 4.8% in its fiscal fourth quarter even as a surge in holiday computer demand lifted revenue 11% from a year earlier. The decline can be traced to the steep discounts that Dell is offering customers
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