Business, 09.10.2019 18:30 ilovepickles930
Tax drill - trade or business expenses indicate whether the following statements are "true" or "false" regarding the deduction criteria for § 162 and § 212.
a. the code refers to reasonableness solely with respect to interest and employee benefits.
b. to be deductible, any trade or business expense must be "ordinary and necessary." such expenses are deducted for agi.
c. an expense is ordinary if it is normal, usual, or customary in the type of business conducted by the taxpayer and is not capital in nature.
d. neither "ordinary" nor "necessary" is defined in the code or regulations.
Answers: 2
Business, 22.06.2019 08:10
What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?
Answers: 3
Business, 22.06.2019 10:30
Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?
Answers: 2
Business, 22.06.2019 11:10
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
Answers: 1
Tax drill - trade or business expenses indicate whether the following statements are "true" or "fals...
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