Which of the following statements is correct? multiple choice
a. the lifo recapture tax precludes an s corporation from using the lifo method.
b. the lifo recapture tax is paid in five annual installments.
c. the lifo recapture amount increases the corporation's adjusted basis in its inventory.
d. the lifo recapture tax does not apply to s corporations with no earnings and profits from prior c corporation years.

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

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Which of the following would classify as a general education requirement