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Question - John and Marge were married 26 years ago. They have one child, Monica. Sometime in January 2010 after a particular fierce argument, John left the household and has not kept in touch, and his current whereabouts are unknown.
Marge is employed and maintains a household for herself and her daughter. Monica is 22 years and a full-time student. Monica is expected to graduate form Law school in May 2012. Over the past two years, Monica has earned $9,000 a year from her part-time job. Part of the money earned was deposited in a savings account and part of it was used for her support. The rest of the support needed was provided by her mother. You are the tax advisor for Marge in March of 2012. Marge needs your help in answering the following questions:
1) What is her filing status?
2) Can she claim as a dependent? Explain your answer.
judy is a self employed musician who performs for a variety of events. this year judy was fined 250 by the city for
Diego Company manufactures one product that is sold for $77 per unit in two geographic regions-the East and West regions. The following information pertains.
Publishing a statement of cash flows for each interim period.b. the company's ability to continue as a going concern
masse corporation uses part g18 in one of its products. the companys accounting department reports the following costs
Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method
in each situation state whether the decision maker would bemost likely to place primary emphasis on information
Carambola de Honduras. Slinger Wayne, a U.S.- based private equity firm, is trying to determine what it should pay for a tool manufacturing firm in Honduras.
ghh inc. has two classes of stock authorized 100000 par preferred and 1.00 par value common. as the begining of 20c 200
On January 1, 2008, Michelle Co. issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%.
maddox specialty company a division of lost world inc. manufactures three models of gear shift components for bicycles
Management has determined that they should record a valuation allowance equal to the net deferred tax asset. Assuming a tax rate of 34%, prepare the journal entries to record the deferred tax provision and the valuation allowance.
jan. 1 retired a piece of machinery that was purchased on january 1 2002. the machine cost 62000 and had a useful life
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