subject
Business, 30.10.2019 05:31 nevecronin

Bart owns 100% of the stock of octo corporation, which uses the accrual method. bart's sister samantha, a cash method taxpayer, did some advertising work for octo in november 2014. in december, octo received a billing statement from samantha for $5,000 and paid samantha the $5,000 in january 2015. samantha is a calendar year taxpayer. when may octo deduct the $5,000? a) 2014b) 2015c) either 2014 or 2015d) the expense is not deductible since samantha is bart's sister.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:30
Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.
Answers: 3
question
Business, 22.06.2019 19:10
Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form
Answers: 3
question
Business, 22.06.2019 21:40
Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $
Answers: 3
question
Business, 22.06.2019 21:50
Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts
Answers: 1
You know the right answer?
Bart owns 100% of the stock of octo corporation, which uses the accrual method. bart's sister samant...
Questions
question
Mathematics, 03.04.2021 03:10
question
Mathematics, 03.04.2021 03:10
question
Mathematics, 03.04.2021 03:10
question
Mathematics, 03.04.2021 03:10
question
Mathematics, 03.04.2021 03:10
question
Mathematics, 03.04.2021 03:20
Questions on the website: 13722367