What are the effects of a below-market loan for $100,000 made by a corporation to its chief executive officer as an enticement to get him to remain with the company? a. the corporation has imputed interest income and the employee is deemed to have received a gift. b. the corporation has imputed interest income and dividends paid. c. the employee has no income unless the funds are invested and produce investment income for the year. d. the employee has imputed compensation income and the corporation has imputed interest income. e. none of these.

What are some of the miranda restrictions on questioning someone?

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)