On march 1, roxanne acquires a house for $160,000. she pays $20,000 down and borrows the remaining $140,000 by obtaining a 15-year mortgage. roxanne pays $3,500 in closing costs and $2,500 in points in purchasing the house. during the year, she pays $10,300 of interest on her mortgage. a. roxanne's allowable interest deduction for the year is $. b. how would your answer to the above question change if roxanne already owned her home and the points paid on march 1 were for a 15-year mortgage to refinance her existing mortgage. her total allowable home mortgage interest deduction is $ .

The framers of the us constitution created a system of government that established branches of government set forth the powers of such a branches and placed limits on those powers what are the benefits of such a system? are there any problems associated with such a system?

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Emil motycka is considered an entrepreneur because