Oz, Inc is a theatre and has the following data for the most recent year. Using this data below determine Oz's net income. Use only the accounts that are appropriate. Accounts Receivable $29,500
Administrative Expense $305,000
Advertising Expense $175,000
Building $850,000
Cash $37,000
Interest Expense $21.500
Note Payable $365,500
Office Equipment $198,000
Office Supplies $8,300
Revenues from Tickets $1,225,000
Salaries Expense $110,000
Utilities Expense $45,500

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.