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1. If a business owner paid for business expenses with their personal account, and those expenses would otherwise be deductible, they:
a. CANNOT be deducted on the tax return because they weren't paid for from a business account.
b. CAN be included on the tax return as long as proof of the expenses is sent with the return.
c. CAN be deducted on the tax return.
d. CANNOT be deducted because the IRS requires separate business and personal bank accounts.
Total assets turnover will not change. What new debt ratio, along with the 14% profit margin, is required to double the return on equity
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Develop a projected income statement that shows how many bikes Reid must sell to make a before tax profit of $30,000 and for $50,000
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The company forfeits the shares on which the call was not paid. Make the journal entries required to record the above transactions (ignore narrations)
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Should the general purpose financial statements of company be complied in manner that is understandable to all investors? why? please explain.
In 2015, Mitchell actually produced 5,000 units of product. Mitchell spent $497,250 on 25,500 pounds of DM (all of these materials were requisitioned by the production department in 2015). Mitchell spent $194,750 on 9,500 DL hours. What is the materi..
The term equivalent units would include which of the following?
what must auditors do to meet their obligations under professional auditing standards related to the observation of inventory?
At the beginning of 2021, the following information relates to Farah Del Valle: Calculate the minimum instalments
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