7. Which of the listed items should be included in gross income? A Life insurance proceeds B C D E Child support payments Gift in excess of $16,000 Cash rebate from a dealer on a car purchase None of the listed items should be included in gross income

Q: Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable…

A: To increase sales there is need investment in assets and that investment can be managed internally…

Q: A7

A: A waterfall chart is a form of data visualization that helps in understanding the cumulative effect…

Q: PR 12-4

A: Date Particulars Debit Amount Credit Amount 30-Jun Asset revaluation  $2,900     Accounts…

Q: How do i do EX 12-3 & EX 12-4

A: Common stock:   These are the ordinary shares that a corporation issues to the investors in order to…

Q: Bnmm

A: Accounting system refers to the set of the processes of accounting which is integrated with the…

Q: please explain 120/360

A: Solution: Interest amount is computed using formula = Principal * Interest rate * time Where time is…

Q: P12.2 (c)

A: Ending Retained Earnings  = Beginning Retained Earnings  + Net income - dividend declared…

Q: What is the cash impact from OWC during Year 2? If the change releases cash use a positive sign, if…

A: To calculate the change in Operating Working Capital (OWC) during Year 2, you need to consider…

Q: Identify the break-even point in the chart below: a. The yellow point b. None are the break-even…

A: The Break-even point is the level of sales at which Fixed Cost is equal to Contribution. In other…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: section 1231 summary

A: Tax is the liability which has to be paid by the individual and the corporation to the Federal…

Q: Can solve question 4 to 7?

A: Salary of the Darnell Johnson = 63500Contribution by his employer toward the retirement plan = 6% of…

Q: Number 33

A: 1)

Q: E15.11

A: As posted multiple sub parts questions we are answering only first three sub parts kindly repost the…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: 1 . F r e d O n g k e k o w i s h e s t o h a v e P 4 M i n a r e t i r e m e n t…

A: 1. PV = A * 1-(1+r)-nr where , PV  =  present value of annuity A = periodic withdrawals r = interest…

Q: Please answer #9-#13

A: If the person invests $350 per month for 15 years then this situation refers to an ordinary annuity.…

Q: Explanation 1031 like-kind exchange

A:

Q: whats 1100+90

A: The question was a simple arithmetic problem that required adding two numbers together. In this…

Q: E14.3 (b)

A: The cash flow statement is helpful for the stakeholders as they can identify the organization's…

Q: Could you answer question 4-7? Please

A: The total value of the goods still in stock in a company's inventory at the end of an accounting…

Q: Max E(U)= E(rc)-.5A o² (rc) y* E(rp)-r Ασ, What if A4, then y*= E(r) = σ(rd) = w

A: Step 1:  To solve the problem , we need to use the given formula for the optimal portfolio weight…

Q: E10.2

A: Interest accrued on June 30 = Face value of note x rate of interest  x No. of months /12 = $90,000 x…

Q: Please answer 4a above

A: Introduction:- Return on investment is calculated by dividing the net income on an investment by the…

Q: x8=h 0817×1= h

A: y= 4x + 180 y= 8x   To solve above equations to find the value of x and y

Q: Answer to Part C = 42250

A: Given, Maturity =10 Years Market interest rate: 6% Stated interest rate = 5%   Price of the bond is…

Q: rom where does 184.17 came in step 3

A: When a loan is taken then periodic payments has to be made. In this case and situation monthly…

Q: Which of the following code sections applies to real estate? 1245 1250 1031 O 1221 All of the above…

A: Section 1245 deals with depreciation recapture for personal property, not real estate. While it…