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Maude Flanders (dead) leaves $10000 in her will to her neighbor, Marge Simpson. The will requires Marge to use a portion of the money towards "fighting to maintain high standards of decency and morality within their neighboorhood". The will doesn not specify how much Marge must use to meet this requirement of fighting for decency/morality. Will the $10000 be treated as income to Marge in 2012 if she agrees to accept the $10000 and the required conditions for its use? also would it be inheritance or gift? Is it taxable? if so wat portion of it?
bartley manufacturing incurs unit costs of 8 in making a sub-assembly part for its finished product. a supplier offers
the tobias company has 12 obsolete computers that are carried in inventory at a cost of 13200. if these computers are
lifsey wedding fantasy company makes very elaborate wedding cakes to order. the owner of the company has provided the
The actual sale was effected on December 15, 2011, at a price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale.
write a 350- to 500-word summary explaining the differences between revenue expenditures and capital expenditures
Bella Company is considering purchasing new equipment for $450,000. It is expected that the equipment will produce net annual cash flows of $50,000 over its 10-year useful life. Annual depreciation will be $45,000. Compute the cash payback period.
Brennan Steel Corporation as lessee signed a lease agreement for equipment for five years, starting December 31, 2007. yearly rental payments of $32,000 are to be made at the beginning of each lease year.
edgar co. acquired 60 of stendall co. on january 1 2011. during 2011 edgar made several sales of inventory to stendall.
at january 1 2010 the credit balance in the allowance for doubtful accounts of the master company was 40000. for 2010
John and Ellen Brite are married and file a joint return. They have no dependents. John owns an unincorporated specialty electrical lighting retail store, Brite-On. Brite-On had the following assets on January 2, 2013:
select a region approved by your instructor and choose a trading bloc nafta eu asean etc. within that region.write two
Write an excel fomula to determine the interest rate of the loan.
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