Mary incurred a $20,000 nonbusiness bad debt last year. she also had an $18,000 long-term capital gain last year. her taxable income for last year was $25,000. during the current year, she unexpectedly collected $12,000 on the debt. how should mary account for the collection?
a. $0 income
b. $11,000 income
c. $12,000 income
d. $8,000 income
e. none of these choices are correct.

Social computing forces companies to deal with customers as opposed to

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers