Which of the following is/are deductible for adjusted gross income?
1. Alimony paid to the ta...
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Which of the following is/are deductible for adjusted gross income?
1. Alimony paid to the taxpayer’s ex-spouse (2016 divorce).
2. Capital losses.
3. Ordinary and necessary expenses incurred in a business.
4. Contribution to a Roth IRA.
5. Child support paid to ex-spouse.
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Business, 22.06.2019 21:00, shawntawright1
On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?
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