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Question -
(a) Sybil is a florist who operates a shop in Daly City. She is considering opening a barbershop in downtown San Francisco. She spent $30,000 on market research to determine demand for haircuts in the downtown area. Based on the research, she decides not to open the barbershop. May she deduct the $30,000? If so, how much may she deduct in the first year?
(b) Sybil owns a restaurant in Daly City. She is considering opening a flower shop in downtown San Francisco. She spent $53,000 on market research to determine demand for flowers in the downtown area. She opens the flower shop on April 1, 2020. May she deduct the $54,000? If so, how much may she deduct in 2020?
How do the provisions of SFAS No. 123(R) differ from the bill introduced by members of Congress (Dreier and Eshoo), which would require expensing for options issued to only the top five officers in a company? Which approach do you think would res..
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Interest is paid semi-annually on June 30 and December 31. What is the present value of the bonds on January 1, 2018 (rounded to the nearest thousand)
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During the first year, the profit before depreciation is expected to be $400,000. What is the estimated net cash flow during the first year of the project
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