Which of the following is an irs guideline given to qualifying a transaction as a lease for tax purposes?
a. the asset is not expected to be useable to the lessor except for the purposes of continued leases or transfer to the lessee.
b. the lessor must have at least 90% "at-risk" investment in the asset that is being leased.
c. the lessee must have the option to buy the asset at the end of the lease far below market value.
d. none of the above

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

According to this excerpt, a key part of our national security strategy is

The stock of grommet corporation, a u. s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u. s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u. s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u. s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?