You are reviewing the accounting for contributions for the year and notice an entry to record receipt of an unrestricted contribution in the amount of $120,000. This contribution was made in shares of stock with a market value of $135,000 when received, but which had fallen to a value of $120,000 when sold and the entry made. You notice that the letter accompanying the shares of stock referred to your capital campaign for renovation of your headquarters building and that the money was to be used for that purpose. Which of the following statements is correct? a. The entry is incorrect and should have recorded the receipt as a contribution with donor restrictions in the amount of $135,000 with a subsequent write-down of the investment.
b. The entry is incorrect and should have recorded the receipt as a contribution with donor restrictions in the amount of $120,000.
c. The entry is incorrect and should have recorded the receipt as an unrestricted contribution in the amount of $135,000 with a subsequent write-down of the investment.
d. The original accounting as an unrestricted contribution in the amount of the $120,000 value of the stock when sold is correct.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Claire wants to include animations in her presentation slides. which element of the presentation program’s interface will have the options for animation? claire should use the to include animations in her presentation slides.

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .