Factors that must be considered before starting up the business

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,000 from hopkins. on july 10, the entry or entries gideon makes to record the recovery of the bad debt is

Apolling company reported that 57​% of 1013 surveyed adults said that cellular phones are "quite annoying." complete parts​ (a) through​ (d) below. a. what is the exact value that is 57​% of 1013​? the exact value is 577.41. ​(type an integer or a​ decimal.) b. could the result from part​ (a) be the actual number of adults who said that cellular phones are "quite annoying" question mark why or why​ not? a. ​no, the result from part​ (a) could not be the actual number of adults who said that cellular phones are "quite annoying" because that is a very rare opinion. b. ​yes, the result from part​ (a) could be the actual number of adults who said that cellular phones are "quite annoying" because the results are statistically significant. c. ​yes, the result from part​ (a) could be the actual number of adults who said that cellular phones are "quite annoying" because the polling numbers are accurate. d. ​no, the result from part​ (a) could not be the actual number of adults who said that cellular phones are "quite annoying" because a count of people must result in a whole number. c. what could be the actual number of adults who said that cellular phones are "quite annoying" question mark the actual number of adults with this opinion could b