What amount of these travel-related expenditures

Assignment Help Accounting Basics

Reference no: EM13123428

Danny owns an electronics outlet in Dallas. This year he paid $600 to register for a four-day course in management in Chicago. Danny paid $800 in airfare and $1,000 for five nights lodging. After the course, Danny spent the last day sightseeing. During the trip, Danny also paid $140 a day for meals, and $80 a day for a rental car. What amount of these travel-related expenditures may Danny deduct as business expenses.

Reference no: EM13123428

Questions Cloud

What entry is required to revalue foreign currency payable : On September 3, 2008, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The transaction is denominated in Swiss francs (SFr). The payment is made on October 10.

What is the molarity of a solution : What is the molarity of a solution made by mixing 213.6 ml of 1.5 M NaCl with 328 ml of 4.3 M NaCl.

Determine the amounts that should be debited to land : Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation.

How large a sample taken to estimate population mean : Standard deviation of the ages is 6 years. How large a sample should be taken so that the estimate is within 2 years of the population mean?

What amount of these travel-related expenditures : After the course, Danny spent the last day sightseeing. During the trip, Danny also paid $140 a day for meals, and $80 a day for a rental car. What amount of these travel-related expenditures may Danny deduct as business expenses.

What is the molar concentration of the ammonia : If 18.2 mL of 0.800 M HCl solution are needed to neutralize 5.00 mL of a household ammonia solution, what is the molar concentration of the ammonia.

Prepare the journal entries on fashion vixen books : During December 2008, Fashion Vixen Publishing sold 2,500 12-month annual magazine subscriptions at a rate of $30 each. The first issues were mailed in February 2009. Prepare the journal entries on Fashion Vixen's books 1) to record the sale of th..

What percentage of household incomes in state is in range : A standard deviation of about $9000. Approximately what percentage of household incomes in this state is between $27,000 to $63,000/year? Show all work as to how this is obtained.

Use the elements of the fraud triangle discussed : Use the elements of the fraud triangle discussed in the chapter to identify internal control risks that should have influenced KPMG's position.

User Account

All Pages