Arlington has a debt service fund which it uses to pay the principal and interest on its $2,000,000 of general long-term debt. interest at 5 percent is due on october 1 and april 1. on october 1, 20x8, and april 1, 20x9, arlington's debt service fund paid $50,000 of interest due on its bonds. on the balance sheet prepared on june 30, 20x9, for arlington's debt service fund, interest payable should be reported at:

The maximum tax rate on estates and gifts

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability