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John and Martha are planning to be married. Both are professionals with gross incomes of $75,000 annually. They are deciding on a wedding date. They have two dates to choose from: December 14, 2004 or January 11, 2005. If they marry on December 14, 2004, they will have to choose between married filing separately and married filing jointly. They will both claim the standard deduction. Is there an advantage to either method of filing? If they postpone their wedding until the January date and file as single persons, will they reduce their tax bill for 2004?
What is the relationship between present value and the concept of a liability?
What are some of the accounting issues that the city faces when accounting for defined benefit plans as compared to a defined contribution plan?
The balance in the prepaid insurance account, before adjustment at the end of the year, is $11,500. Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment:
Investments in Short-Term Government Securities
Describe the tolerable exception rate and how you would use this as an auditor. Explain how you would determine the rate you select.
The local garden club, an exempt organization, had gross unrelated business income during the year of $15,000. Its costs associated with this income were $9,800. What is its unrelated business income tax?
The firm uses the effective interest method of amortising discounts and premiums. The bonds were sold to yield an effective interest rate of 10%.
Several years ago the Haverford Company sold $1,000 par value bond that now has 25 years to maturity and an 8.00% annual coupon that is paid quarterly.
using the appropriate interest table compute the present values of the periodic amounts due at the end of the
The office space is used equally by dye's sales and accounting departments. What amount of the above-listed items should be classified as general and administrative expenses in dye's multiple-step income statement?
the management of rockos pizzeria is considering a special promotion for the last two weeks of october which is
An option-pricing model estimates the fair value for the options to be $5 on the date of grant. What amount should M recognize as compensation expense for 2009?
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