C Taxability Study guides, Class notes & Summaries

A bond with a face value of $1,000 that sells for less than $1,000 in the market is called a _____ bond. A) Par B) discount C) Premium D) Zero Coupon E) Floating rate - B) discount The _____ premium is that portion of the bond yield that represents compensation for potential difficulties that might be encountered should the bond holder wish to sell the bond prior to maturity. A) default risk B) taxability C) infaltion D) liquidity E) interest rate risk - D) liquidity All else consta...

BUSI 352 FINAL EXAM 1 • Question 1 2 out of 2 points Which of the following does NOT play a part in a financial planner’s recommendations? • Question 2 2 out of 2 points Two of the more important factors affecting retirement planning are the savings amount and the growth of GDP. • Question 3 2 out of 2 points All of the following economic activities represent governmental fiscal policy EXCEPT: • Question 4 2 out of 2 points Which of the following state...

Finance Conceptual Questions And Answers 1. What are the Financial Statements of a company and what do they tell about a company? Answer: Financial Statements of a company are statements, in which the company keeps a formal record about the company’s position and performance over time. The objective of Financial Statements is to provide financial information about the reporting entity that is useful to exist and potential investors, creditors, and lenders in making decisions about whether to...

How are defined benefit plans different from defined contribution plans?How are they similar? Describe how an employee’s benefit under a defined benefit plan is computed. What does it mean to vest in a defined benefit or defined contribution plan? Compare and contrast the minimum vesting requirements for defined benefit plans and defined contribution plans. What are the nontax advantages and disadvantages of defined benefit plans relative to defined contribution plans? Describe the maximum ann...

NIKA 101 finance: ch27 Multiple Choice Questions 1. Financial managers broaden their definition of cash to include: A. currency, bank deposits, stocks and bonds. B. currency, checking deposi ts, undeposited checks, and bonds. C. cash, bonds, bank deposits and short-term marketable securities. D. currency, checking deposits, undeposited checks and short-term marketable securities. E. None of the above. 2. Examples of cash disbursements do not include: A. wages. B. payment for raw materials. C. ta...

Based on the definition of gross income in §61 and related regulations, what is the general presumption regarding the taxability of income realized? Based on the definition of gross income in §61, related regulations, and judicial rulings, what are the three criteria for recognizing taxable income? Describe the concept of realization for tax purposes. Compare and contrast realization of income with recognition of income. Tim is a plumber who joined a barter club. This year Tim exchanges plumb...