If the book value exceeds the market value, then the difference is treated as a_________ for tax purposes. a)Profit b)Loss c)Surplus (d)None of the given options

Question and answer

Question

Asked 8/22/2010 4:37:47 AM

Updated 10/30/2023 12:20:10 AM

1 Answer/Comment

This conversation has been flagged as incorrect.

Get an answer

Search for an answer or ask Weegy.

Original conversation

User: If the book value exceeds the market value, then the difference is treated as a_________ for tax purposes. a)Profit b)Loss c)Surplus (d)None of the given options

Weegy: b
Expert answered|bettyboop|Points 258|

Question

Asked 8/22/2010 4:37:47 AM

Updated 10/30/2023 12:20:10 AM

1 Answer/Comment

This conversation has been flagged as incorrect.

New answers

Rating

Jerrald@22

If the book value exceeds the market value, then the difference is treated as a SURPLUS for tax purposes.

Added 10/30/2023 12:20:07 AM

This answer has been confirmed as correct and helpful.

Comments

There are no comments.

Add an answer or comment

Questions asked by the same visitor

Miss Nadia purchased a car for Rs. 500,000. Based on historical averages, this car is worth 30% of the purchase price now and it is being sold at this price. What is the car s market value ? Rs. 51,875 Rs. 112,500 Rs. 150,000 Rs. 350,000

Weegy: One moment please. (More)

Question

Expert Answered

Updated 2/18/2014 10:24:06 PM

1 Answer/Comment

samn

Let x= value of the car now
Purchase priced of the car = 500,000

Solution:
x=30% (500,000)
x=150,000

The car's market calue is Rs. 150,000.

Added 2/18/2014 10:24:04 PM

This answer has been confirmed as correct and helpful.

Which of the following is the overall return the firm must earn on its existing assets to maintain the value of the stock ? (a)WACC (Weighted Average Cost of Capital) (b)AAR (Average Accounting Return) (c)IRR (Internal Rate of Return) (d)MIRR (Modified Internal Rate of Return)

Weegy: a)WACC (Weighted Average Cost of Capital User: Mr. A, as a financial consultant, has prepared a feasibility report of a project for XYZ Company that the company is planning to undertake. He has suggested that the project is feasible. The consultancy fee paid to Mr. A will be considered as: (a)Sunk cost (b)Opportunity cost (c)Both sunk cost and opportunity cost (d)Neither sunk cost nor opportunity cost (More)

Question

Expert Answered

Updated 6/30/2023 1:34:08 AM

1 Answer/Comment

Rhed°88

Mr. A, as a financial consultant, has prepared a feasibility report of a project for XYZ Company that the company is planning to undertake. He has suggested that the project is feasible. The consultancy fee paid to Mr. A will be considered as: Sunk cost.

Added 6/30/2023 1:34:08 AM

This answer has been confirmed as correct and helpful.

Which of the following is referred as the ratio of the standard deviation of a distribution to the mean of that distribution ? (a)Probability distribution (b)The expected return (c)The standard deviation (d)Coefficient of variation

Weegy: The answer is D. (More)

Question

Expert Answered

Updated 55 days ago|3/26/2025 9:56:46 AM

1 Answer/Comment

cruz30

The coefficient of variation is the ratio of the standard deviation to the mean of a distribution

Added 55 days ago|3/26/2025 9:56:46 AM

This answer has been confirmed as correct and helpful.

You must own which of the following to vote against a merger proposal from another corporation? (a)Preferred share (b)A debenture (c)Common stock (d)Cumulative dividend stock

Weegy: d.) cumulative dividend stock (More)

Question

Expert Answered

Updated 334 days ago|6/20/2024 5:06:06 AM

1 Answer/Comment

Sshhae05

You must own Common stock to vote against a merger proposal from another corporation.

Added 334 days ago|6/20/2024 5:06:04 AM

This answer has been confirmed as correct and helpful.

Which of the following is a characteristic of preferred stock? (a)These stocks have not stated liquidating value (b)Dividends on these stocks can be cumulative (c)These stocks hold credit ratings quite different from bonds (d)These stocks have not any kind of priority over common stocks

Weegy: (b)Cumulative dividends User: Which of the following is a characteristic of preferred stock? (a)These stocks have not stated liquidating value (b)Dividends on these stocks can be cumulative (c)These stocks hold credit ratings quite different from bonds (d)These stocks have not any kind of priority over common stocks (More)

Question

Expert Answered

Updated 277 days ago|8/16/2024 12:34:00 AM

1 Answer/Comment

Sshhae05

Dividends on these stocks can be cumulative. is a characteristic of preferred stock.

Added 277 days ago|8/16/2024 12:34:00 AM

This answer has been confirmed as correct and helpful.