Abalone corporation, an accrual basis taxpayer, was formed and began operations on september 1, 2018. the following expenses were incurred during the first tax year (september 1, 2018 to december 31, 2018) of operations: expenses of temporary directors and of organizational meetings - $ 10,000; fee paid to the state of incorporation - $1,600; accounting services incident to organization - $6,800; legal services for drafting the corporate charter and bylaws - $2,000; expenses incident to the printing and sale of stock certificates - $8,000 (total - $28,400). assume abalone corporation makes an appropriate and timely election under section 248(c) and the related regulations. what is the maximum organizational expense abalone may write off for tax year 2018?

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:

Francesca opened a checking account at first bank one month ago. during the month she wrote 25 checks. first bank will charge her $.25 per check. this fee per check is called a a. service charge b. monthly charge c. transfer charge d. debit charge