3. jansen co. has a beginning inventory at a cost of $77,800 and an ending
inventory costing $99,250. sales were $310,000. assume jansen's markup
rate on selling price is 40 percent. based on the selling price, what is the
inventory turnover at cost? round to nearest hundredth.
4. shelley's dress shop's inventory at cost on january 1 was $32.950. its

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Which of the following best describes why you need to establish goals for your program?

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to