Business, 20.09.2019 21:00 fatty18

Discussion question 1-8 (lo. 4) several years ago, ethan purchased the former parsonage of st. james church to use as a personal residence. to date, ethan has not received any ad valorem property tax bills from either the city or the county tax authorities.
a. select either "true" or "false" as reasonable explanation(s) for this oversight.
a) ethan is allowed to use the tax-exempt status for ad valorem taxes for five years after the purchase.
b) the parsonage probably was not listed on the property tax rolls, because it was owned by a tax-exempt church.
c) the parsonage remains tax-exempt, since the original use was by a tax-exempt entity.
b. what should ethan do? if ethan voluntarily notifies the tax authorities of his purchase, he be liable for any back taxes and he eliminate future interest and penalties.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:20

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Answers: 1

Answer

Business, 22.06.2019 07:20

Go follow my instagram atx_humberto

Answers: 2

Answer

Business, 22.06.2019 11:30

4. chef a says that broth should be brought to a boil. chef b says that broth should be kept at an even, gentle simmer. which chef is correct? a. neither chef is correct. b. chef a is correct. c. both chefs are correct. d. chef b is correct. student c incorrect which is right answer

Answers: 2

Answer

Business, 22.06.2019 13:10

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

Answers: 1

Answer

You know the right answer?

Discussion question 1-8 (lo. 4) several years ago, ethan purchased the former parsonage of st. james...

Questions