Business, 10.09.2019 00:30 negativechill
Elder attorney had practiced law for several years and had accumulated $50,000 in accounts receivable. he reported his income for tax purposes under the cash receipts and disbursements method. elder formed an equal partnership with senior counsel, lawyers unlimited, a cash-basis law partnership, and transferred his $50,000 accounts receivable to the partnership for their admitted fmv of $50,000. in the first year of the partnership, its cash-basis income was $100,000, $50,000 of which was the collection of the transferred receivables. when is the income of the partnership reported and by whom
Answers: 2
Business, 21.06.2019 20:00
Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction
Answers: 1
Business, 22.06.2019 07:30
When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?
Answers: 2
Business, 22.06.2019 09:00
Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit
Answers: 1
Business, 22.06.2019 10:40
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
Elder attorney had practiced law for several years and had accumulated $50,000 in accounts receivabl...
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