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Charles is a single person, age 35, with no dependents. In 2010, Charles has gross income of $75,000 from his sole proprietorship. Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship. He has interest and dividend income of $22,000. Charles has no itemized deductions. Charles's taxable income is?
maintenance department costs of 320000 are allocated on the basis of budgeted maintenance-hours. personnel department
Using the double declining balance method and fractional year monthly amortization, answer the following questions:
Compute Karen's net income for 2009 using cash-basis accounting. Compute Karen's net income for 2009 using accrual-basis accounting. Why is accrual-basis accounting normally used?
1. a what criteria are used to determine which of dianes costs are inventoriable? b are dianes administrative costs
lexi corporation adjusts its accounts only at year-end. prior to making their year-end adjustments lexi had a net
on june 30 200x carl corporation purchased lin company by issuing 50000 shares of stock. stock has a market value of
the expected average rate of return for a proposed investment of 8000000 in a fixed asset using straight line
stronger satellites accepted a five-month 7 interest rate 6000 note from one of its customers on june 1 2008. the
problem letterman office service amp supply sells a variety of office equipment including the executive office chair.
Kramer Company values its inventory by using the retail method(LIFO basis, stable prices). The following information is available for the year 2010.
A traveling salesperson who solicits and transmits to the principal orders for merchandise for resale is considered an employee under FUTA.
during the most recent fiscal period karson company had sales of 80000. variable costs are 40 of sales and fixed costs
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