Business, 04.12.2019 23:31, payshencec21
Furtastic manufactures imitation fur garments. on june 1, 2021, furtastic made a sale to willett’s department store under terms that require willett to pay $200,000 to furtastic on june 30, 2021. in a separate transaction on june 15, 2021, furtastic purchased brand advertising services from willett for $22,000. the fair value of those advertising services is $10,000. furtastic expects that 2% of all sales will prove uncollectible. prepare the journal entries to record the transactions above. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
Business, 22.06.2019 05:30, junior2461
Identify the three components of a family's culture and provide one example from your own experience
Answers: 2
Business, 22.06.2019 15:30, TerronRice
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
Furtastic manufactures imitation fur garments. on june 1, 2021, furtastic made a sale to willett’s d...
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