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Question - Topaz Corporation had the following income and expenses during the current year:
Revenues $80,000
Expenses $30,000
Gains on sale of Capital assets $ 5,000
Losses on sale of Capital assets $(25,000)
What is Topaz's taxable income?
a) $30,000
b) $50,000
c) $52,000
d) $20,000
Paid $400 to install special shelving units, which increase the operating efficiency of the truck. Prepare Firefly's journal entries to record these two transactions.
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Search for any articles on Accounting. and the answer sholud be in few words. Pick one journal article. Evaluate it using the following criteria.
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