Ficus, inc. began business on march 1, 2018, and elected to file its income tax return on a calendar-year basis. the corporation incurred $800 in organizational expenditures. assuming the corporation does not elect to expense but chooses to amortize the costs over 180 months, the maximum allowable deduction for amortization of organizational expenditures in 2018 is:
a. $4.44b. $53.28c. $44.44d. $800.00e. none of these choices are correct.
Answers: 2
Business, 22.06.2019 10:00, silviamgarcia
Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.
Answers: 1
Business, 22.06.2019 10:10, sydc1215
At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:
Answers: 1
Ficus, inc. began business on march 1, 2018, and elected to file its income tax return on a calendar...
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