what does it means to be a “remainderman” of a life estate interest. Can this interest be sold?

Q: corporation will provide the agent with a certified copy of the dividend declaration and a check for…

A: First of all let me discuss with you what is Dividend, so Distribution or appointment of profits by…

Q: On January 1, 2019, Uncle Company purchased 80 percent of Nephew Company's capital stock for…

A: According to the parent business's ownership portion of the subsidiary company, it is a way of…

Q: 6 if an insured dies during the grace period of a life insurance policy before paying the required…

A: Understanding the implications of a life insurance policy during the grace period is crucial for…

Q: Grant owns two-thirds of an investment property. The property sells and he receives his share of the…

A: The question asked us to solve for the total proceeds of an investment property sale from the…

Q: 3 a joint life policy pays A after the first insured dies B after the last insured dies C after each…

A: The objective of the question is to understand when a joint life insurance policy pays out.

Q: Reasons to distribute the dividend in a company?

A: Reasons to distribute the dividend in a company are as follows- 1- It helps to develop shareholder's…

Q: Dave borrowed $700 on January 1, 2022. The bank charged him a $9.00 service charge, and interest was…

A: To calculate the Annual Percentage Rate (APR) on the loan Dave took, we need to consider the total…

Q: Who are "accelerated filers," and what factors (such as annual income or employee count) determine…

A: In the United States, companies that are required to file certain reports with the Securities and…

Q: What are the Bidder's obligations?

A: Bidder: Is a party who is willing to buy an asset from a seller at a specific price. In most cases,…

Q: What is contract? rescission?  and  what is Homestead exemption? discharge & attachment ?   Legal…

A: Contract The contract can be defined as a legally binding document between the define and the…

Q: What is the effect of variation of terms of the principal contract on a contract of guarantee?

A: A contract of guarantee is a legal agreement where one party, called the guarantor, agrees to take…

Q: In which instance will business assets be included in the estate of the owner / partner/ shareholder…

A: Estate duty, also known as inheritance tax or estate tax, is a tax imposed on the total value of a…

Q: What are the pre-requisites of implementing a successful finance lease?

A: Prerequisites of implementing a successful finance lease: 1. Engaging stakeholders across the…

Q: What happens if the pledged property is destroyed or lost while in the possession of the pledgee?

A: When a borrower pledges property as collateral for a loan or debt, the pledged property serves as a…

Q: Why can't a business choose to for an LLC, but they can form an LLP?

A: Every business is different in terms of tax situations, many regulations have notable changes from…

Q: What formalities must be followed to create a testamentary trust?

A: Trusts are universally perceived as preferred vehicles for home and progression arranging. Albeit…

Q: Are Martha’s unreimbursed medical expenses deductible on the Neals’ tax return? Why or why not?

A: Disclaimer: insufficient information regarding the context As for the unreimbursed medical expenses…

Q: what is non-current liabilities?

A: Non-current liabilities are the long-term financial obligation which is listed on the firms' balance…

Q: What is important for the qualifying process for surety bonds?

A: The three predominant methods to qualify a surety organisation The following sources make it smooth…

Q: dISCUSS, What is the procedure for claiming gratuity under the Gratuity Act?

A: The Gratuity Act is a legislation enacted by the government of a country to provide financial…

Q: What happens if the pledged property is damaged or destroyed while in the possession of the pledgee?

A: Bailment refers to a legal relationship where one party, known as the bailor, temporarily transfers…

Q: According to the Public Trustees Act 1978, All unclaimed trust monies must be lodged annually into…

A: The management of unclaimed trust monies is a significant aspect of financial regulations and…

Q: Explain the meaning of the term Annuities by providing examples

A: Annuities are financial products that enable people secure a steady stream of income even during…

Q: 27. William has a bakery with total assets of P4,000,000 inclusive of a lot with a book value of…

A: ANSWER : Option : c) P 312,000

Q: Explain in detail the similarities and differences between the following types of annuities:…

A: As per Bartleby's guidelines, we can solve only the first three parts of the question.

Q: Chord Motor Company Chord traces its roots back to 1896 when Harry Chord built and marketed his…

A: ''Question is asked on subjective basis, hence it is authored in general'' The entrepreneurs will…

Q: a. Stock b. Inventory c. Bond d. Patent

A: Understanding the distinction between ordinary and capital assets is important in tax planning and…

Q: Gustav desires to deposit with a Trust Company a sum just sufficient to provide his family with an…

A: P24= $600 ×12×24     = $172800 r = 6% k = 12 N = 24 years d = ?

Q: Discuss what are the various rules regarding the declaration and payment of dividend ?

A: The Companies Act provides comprehensive coverage of enterprise formation, management, obligations,…

Q: What are Implied warrenties?

A: Warranties are very important for company. If company gives warranty for certain product, then it's…

Q: Suppose you had inside information that your employer was thinking about declaring bankruptcy, and…

A: In the ethical dilemma described, you find yourself in a precarious situation where you possess…

Q: What is the role of consideration in a contract, and how does it differ from a gift or gratuitous…

A: Consideration is an important element of a valid contract. It refers to something of value given by…