Shanna, a calendar year and cash basis taxpayer, rents property to be used in her business from janice. as part of the rental agreement, shanna pays $8,400 rent on april 1, 2019, for the 12 months ending march 31, 2020. how much is shanna’s deduction for rent expense in 2019? assume the same facts, except that the $8,400 is for 24 months’ rent ending march 31, 2021. how much is shanna’s deduction for rent expense in 2019?

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?

Iceberg storage, a leading hard drive manufacturer, recently filed for bankruptcy. while most of iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, iceberg invested most of its retained earnings in the effort to improve its hard drives. once the hard-drive market drastically declined, iceberg storage was unable to capitalize on the new technology. which of the following does this scenario best illustrate a. causal ambiguity b. knowledge diffusion c. social complexity d. path dependence

Describe a situation when you used a text reference successfully to preview, prepare for, review or locate information you were learning.