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On July 20, 2014, Kelli purchased office equipment at a cost of $12,000. Kelli makes the election to expense for 2014. She is self-employed as an attorney and in 2014, her business has a net income of $6000 before considering this election to expense, Kelli has no other income or expenses for the year. What is the maximum amount that Kelli may deduct for 2014 under the election to expense, assuming she elects to expense the entire $12,000 purchases?
A. $24,000
B. $12,000
C. $6,000
D. $3,000
E. $1,000
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Wine and Roses, Inc. offers a 6.0 percent coupon bond with semi annual payments and a yield to maturity of 6.91 percent. The bonds mature in 12 years. What is the market price of a $1,000 face value bond? A bond that pays interest annually yields a r..
If a preferred stock is of the cumulative type
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