Elaine provides more than half of the support for her son

Assignment Help Accounting Basics
Reference no: EM13587383

Elaine provides more than half of the support for her son James, who does NOT live with her. James is 26 and is a full-time law student. He earns $2,000 from a part-time job. He has a $11,000 scholarship covering his tuition. May Elaine claim James as a dependent? Fully explain you answer.

Reference no: EM13587383

Questions Cloud

The cost of goods sold includes 2575000 of fixed : the cost of goods sold includes 2575000 of fixed manufacturing overhead the operating expenses include 270000 of fixed
At t 0 a force of the form f bt2e-lambdat is applied in : a particle of mass m is at rest at the origin of a coordinate system.nbsp at t 0 a force of the form f bt2e-lambdat
In the late 2012 the polks come to you for tax advice they : in the late 2012 the polks come to you for tax advice. they are considering selling some stocks investments for a loss
Consider the halide ions as nucleophiles briefly explain : consider the halide ions as nucleophiles. briefly explain why f- the strongest base among the halide ions is the best
Elaine provides more than half of the support for her son : elaine provides more than half of the support for her son james who does not live with her. james is 26 and is a
Find equations for rtheta periodtheta vtheta tensiontheta : consider a conical pendulum that is a ball of mass m at the end of a string of length li moving in a horizontal circle
Over time the production staff has noticed that products : cain components manufactures and distributes various plumbing products used in homes and other buildings. over time the
Suppose that angles measure 2x and 4x6 are supplementary : suppose that angles measure 2x and 4x6 are supplementary. what are the measures of the angles? in
Assume that you are part of the accounting team for logan : assume that you are part of the accounting team for logan digital. the company currently expects to sell 650 units for

Reviews

Write a Review

Accounting Basics Questions & Answers

  Accounting cycle for merchandising company

Determine whether or not the measurement of net income for a merchandising company conceptually is the same for a service company.

  Describe ifrs and gaap

Evaluate at least three significant differences and similarities between IFRS and GAAP and the impact these similarities and differences can have on financial statements.

  Conversion costs using weighted-average process costing

ABC Company has a beginning Work-in-Process Inventory of 25,000 units (40% complete). During the period, 110,000 units were started and the ending Work-in-Process Inventory consisted of 20,000 units (80%). What are the equivalent units for convers..

  A company sells leaf blowers for 150 each each unit has a 3

a company sells leaf blowers for 150 each. each unit has a 3 year warranty that covers replacement of defective parts.

  On january 1 2012 race corp acquired 70 of the voting

on january 1 2012 race corp. acquired 70 of the voting common stock of gallow inc. during the year race sold to gallow

  Use the following accounts and information to prepare in

use the following accounts and information to prepare in good form an income statement statement of retained earnings

  The door company manufactures doors classify each of the

the door company manufactures doors. classify each of the following quality costs as prevention costs appraisal costs

  Fifo to lifo questions

Fill in each of the blanks below with one of these: larger, smaller, unchanged, or insufficient (information given to answer question). Several years after the switch from FIFO to LIFO:

  Bigelow company budgets payroll at 4000 per month plus a

bigelow company budgets payroll at 4000 per month plus a percentage of monthly sales. the june operation expense budget

  Determine the direct labor rate and time variance for the

the freedom clothes company produced 19000 units during june of the current year. the cutting department used 3600

  What is the consolidated balance for the equipment account

Parrett had equipment with a book value of $250,000 and a fair value of $400,000. Jones had equipment with a book value of $170,000 and a fair value of $320,000. What is the consolidated balance for the Equipment account as of December 31, 2013..

  Discussing benefits of moving in ifrs from gaap

Would you please give me some thoughts about this topic: essay discussing the benefits of moving into IFRS from GAAP or some difficulties on doing it.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd