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Earl's Computers, Inc. is a cash basis taxpayer that uses the calendar year as its tax year. On October 2, Year 1, it borrowed $1,000 to pay a shipping charge and repaid $150 of that loan during the year. On December 10, Year 1, it paid a $100 utility bill by credit card. It did not pay that credit card charge until January 15, Year 2. On December 31, Year 1, it mailed a check for $200 to pay a printing charge, but the check was not received by the printer until January 2, Year 2. What amount of these expenses can Earl's Computers take into account for Year 1?
During 2012 Gates reported net income of $200,000 and reported dividends of $75,000. Illustrate what is the income reported by Dodge for 2011 and 2012 with regard to the Gates investment?
Find the amount and character of Nora's recognized gain or loss and what are Nora's bases in Needle stock and note?
They result from the fraud someone perpetrated, does this amount to a subsidy of the financial statement fraud from the federal government, and some state governments?
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Determine the estimated finished goods inventory balance at the end of July, if the company always uses an estimated predetermined plant wide overhead rate of $10 per direct labor-hour?
The company’s weighted average cost of capital is 12% and payments are made at the end of each month. Illustrate which is cheaper for the company: to buy or lease real estate? Show your computations.
Estimate the cost of capital
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