CanCo

Mary, a U.S. citizen, is the sole shareholder of CanCo, a Canadian corporation. During its first year of operations, CanCo earns $14 million of foreign-source taxable income, pays $6 million of Canadian income taxes, and distributed a $2 million dividend to Mary. Can...

Canadian dollars

Today, you can get either 121 Canadian dollars or 1,288 Mexican pesos for 100 U.S. dollars. Last year, 100 U.S. dollars was worth 115 Canadian dollars or 1,291 Mexican pesos. Which one of the following statements is correct given this information? A. $100 converted...

Speech recognition software

Compose a 250 words essay on Speech recognition software. The hardware poses another challenge since the software’s interpretation is largely influenced by how the spoken words sound. Inability to put the words into the context they are used in may result in wrong...

Case of Mr. McMahon

You have returned from your academy training, and you have just been assigned your first case. John McMahon is a 25-year-old man who was recently convicted of possession of cocaine. He was sentenced to 2 years in prison, suspended on the condition that he serves 2...