subject
Business, 30.11.2019 02:31 alex24gonzales

Ronald is a cash method taxpayer who made the following expenditures this year. which expenditure is completely deductible in this period as a business expense?

a. $4,000 for rent on his office that covers the next 24 months.
b. $3,000 for a new watch for the mayor to keep "good relations" with the city hall.
c. $2,500 for professional hockey tickets distributed to a customer to generate "goodwill" for his business.
d. $55 to collect an account receivable from a customer who has failed to pay for services rendered.
e. none of these is completely deductible.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:30
Brandon, a manager at fairpro technologies corp., is required to provide individual performance feedback to his subordinates. in this scenario, the communication between brandon and his subordinates is at a(n) level
Answers: 3
question
Business, 21.06.2019 21:30
Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time
Answers: 2
question
Business, 22.06.2019 00:30
You wants to open a saving account.which account will grow his money the most
Answers: 1
question
Business, 22.06.2019 06:00
For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:
Answers: 2
You know the right answer?
Ronald is a cash method taxpayer who made the following expenditures this year. which expenditure is...
Questions
question
World Languages, 01.07.2019 13:30
Questions on the website: 13722361