Nello Company owed $23,400 overdue rent to its landlord, Bonview Inc. Because Nello is a desirable tenant, Bonview agreed to settle the overdue account for a $15,000 cash payment from Nello. Both Nello and Bonview are accrual basis taxpayers.

What is the tax consequence to Nello of the settlement of its $23,400 account payable to Bonview? Compute Nello’s net cash outflow from the settlement assuming its tax rate is 35 percent.
What is the tax consequence to Bonview of the settlement of its $23,400 account receivable from Nello? Compute Bonview’s net cash inflow from the settlement assuming its tax rate is 21 percent.

a. $48.75

is the answer to your question

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

the answer is: a greater percentage chance of loss

high risk investments had the characteristic of higher percentage of great return accompanied with higher percentage chance of loss.

this type of investments usually only suitable for investors that have enough capital to survive in case one or more of their investments fail. examples of high-risk investments are stocks and currencies.