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1. Steinar loaned a friend $9,500 to buy some stock 3 years ago. In the current year the debt became worthless. f. How much is Steinar's deduction for the bad debt for this year? (Assume he has no other capital gains or losses.) g. What can Steinar do with the deduction not used this year?
2. Joan is a self-employed -attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to' consult with a client and take a short vacation. On the trip, Joan incurred the following expenses: Airfare to and from SanDiego 575 Hotel charges while on business 340 Meals while on business 210 Car rental while on business 120 Hotel charges while on vacation 460 Meals while on vacation 290 Car rental while on vacation 180 Total 2,175 Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2010.
at the end of 2009 tatum co has accounts receivable of 700000 and an allowance for doubtful accounts of 28000. on
For the month of January, there were no units in the beginning work in process inventory; 60,000 units were started into production in January; and there were 15,000 units that were 40% complete in the ending work in process inventory at the end o..
How much overhead is allocated? What is the over/under absorbed overhead?
What is the amount of contract costs incurred during the year ended December 31, 2012?
auctionco.com sells used products collected from different suppliers. assume a customer ordered a used bicycle through
Explain some common internal controls that a company might have in place. What are they designed to protect? What are the reporting requirements regarding internal controls in the Sarbanes-Oxley Act?
given the following scenario indicate when the firm should recognize revenue and why. tomson telecom maintains an
rate of returnnbspnbspscenarioprobabilitystocksbondsnbspnbsprecession.20?519nbspnbspnormal
display labs inc recently began production of a new product flat panel displays which required the investment of
Compute The Tinted View's cost of goods sold - retail merchandiser of auto windshields
Prepare a 250- to 300-word memo about time tickets and expense tickets. Include an explanation about what each is used for, how the two are different, and what information may be found on each.
Which of the following statements is true? I. The entire amount of realized gains and losses from the sale of assets are recognized for tax purposes.
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