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A C corporation gets a machine for $100,000 and placed it in service on August 15, 2007. The corporation elected S corporation status at the starting of 2011. On February 13, 2012, the property was sold for $40,000, payable in four yearly installments of $10,000 plus interest. Evaluate what is the amount of ordinary income to be reported from the sale?
Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4Net credit sales $832,000 $760,000 Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000Average Accounts receivable 205,000 156,000
If the investment manager is recently making a return on investment of 16 %, which project(s) would the manager want to pursue? If the cost of capital is 10 % and the annual earnings estimated cash flows excluding finance charges, which projects ..
Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $720,000. Proposal L is expected to provide equal annual net cash flows of $120,000, while the net cash flows for Proposal K are as follows.
Evaluate what return should she expect anticipate on her portfolio? Determine the portfolio beta and then apply the SML.
Jed wants to know whether he can claim a deduction under section 179 on his 2013 income tax return for the costs incurred in 2009 with respect to planting the vineyard and can someone please let me know if there are deductions that he can claim?
Prepare journal entries for the issue of the bonds, the first interest payment on September 1
Bonds that may be exchanged for common stock at the option of the bondholders are called and Bonds that are subject to retirement at a stated dollar amount prior to maturity at the option of the issuer are called
Sales mix remains constant, the total number of units that Jamal must sell to break even and number of units of Plain that Jamal must sell to break even
How the use of budgets in planning and controlling an organisation's activities may create incentives for unethical behaviour.
(a) What is the times-interest-earned ratio - Times-interest earned If the firm's lease payments are $43,700, what is the fixed charge coverage?
one-half of the $500,000 he had paid to partnership creditors and one-half of $80,000, the reasonable value of Caesar's services during operation of the partnership. Who will prevail and why?
peter mary and paul are planning on creating a new business to buy restore and sell classic cars. the three individuals
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