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Bob filed a single return for the 2012 tax year. His adjusted gross income is $80,000. He had net investment income of $9,000. In 2012, he had the following interest expenses:
What is the interest deduction for Bob for the 2012 tax year?
assume that income from operations amounts to 350000 and top management has established 15 as the minimum rate of
Depreciation for the first 9 months of 2010 is $6,000. Prepare the journal entries to (a) update depreciation to September 30, 2010 and (b) record the sale of the equipment.
Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? show your calculation.
Shupe Inc. estimates uncollectible accounts based on the percentage of account receivable. What effect will recording the estimate of uncollectible accounts have on the accounting equation?
on september 1 2013 triton entertainment borrowed 24 million cash to fund a new fun park. the loan was made by nevada
Calculate the change in the net operating income if an $8,000 increase in the monthly advertising budget would increase monthly sales by $15,000
Compute the earnings per share of common stock assuming the dividend on preferred stock was not declared and the preferred stock is cumulative. The common shares remained unchanged during the year.
early in 2014 houston corporation engaged victoria inc to design and construct a complete modernization of houstons
Springbok Corporation
how accounts receivables and cash go together. Beyond just cash showing when funds are collected how is the timing of receivables different than the timing of cash and how can the company make sure they are on top of collecting the funds due them.
Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding.
If her cost of capital is 12 percent, what is the approximate profitability index?
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