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Jackson uses his automobile 90% for business and during 2012 drove a total of 14,000 miles. Information regarding his car expenses is listed below. Business parking $ 140 Auto insurance 1,300 Auto club dues (includes towing service) 180 Toll road charges (business-related) 200 Oil changes and engine tune-ups 210 Repairs 160 Depreciation allowable 2,850 Fines for traffic violations (incurred during business use) 320 Gasoline purchases 2,800 What is Jackson's deduction in 2012 for the use of his car if he uses: a. The actual cost method? $ b. The automatic mileage method?
X corp issued a $100,000 5 year bond, stated interest rate on bond at 10% on January 1,2010. Interest is paid annually at the end of the year. the market interest rate was 7%.
Identifies price variances at the earliest possible point in time.
Prepare a Job Cost Sheet for Job No.13A, following proper format
at the beginning of 2010 gonzales companys accounting records had the general ledger accounts and balances shown in the
determine the maturity date interest in 2013 and 2014 and maturity value for a 90-day 12 percent 15000 note from a
In the current year, Sue received a liquidating distribution of real estate from UTSRQ Partnership, a general partnership. The real estate had an adjusted basis to the partnership of $35,000 and a fair market value of $90,000 on the date of the di..
ltbrgt ltbrgt3. acquisition entry and consolidation working paper on january 31 2014 phoenix inc. acquired all of the
Suppose your credit card issuer states that it charges a 8.50% nominal annual rate, but you must make monthly payments, which amounts to monthly compounding. What is the effective annual rate?
Prepare journal entries to record issuance of the stock options, termination of stock options, exercise of the stock option and the charges compensation expense for year ending 12/31/2010, 12/31/2011, 12/31/2012
How do the requirements originally established by SFAS N. 157 affect the use of fair value measurement in financial statements?
On February 1,2014, Razorback Corporation decides to transfer its available-for-sale securities to the trading category. These securities had been purchased for $9,400 early in 2013 and had a fair value of $11,700 on December 31, 2013. On Febru..
the substantive ways in which using a residence as rental property could impact the gain or loss determination for the
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