During the current year, martin purchases undeveloped land as an investment. martin intends to rent the land as pastureland and hopefully sell it later for a profit. in the current year, martin receives no rent but he does pay taxes of $2,800, mortgage interest of $900 and liability insurance of $500. how much of these expenses can martin deduct (before any limitations) on his current tax return? a) $0b) $1,400c) $3,700d) $4,200

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Taking commercial paper means the holder acts honestly