Chapter 8, Problem 8.13E

What was the country's deficit for the year?

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Sameer has $9,800 of net long-term capital gain and $5,200 of net short-term capital loss. This nets out to a: (a) $4,700 net long-term loss (b) $4,600 net long-term gain (c) $4,700 net short-term gain (d) $4,700 short-term loss help

Carson Group acquired a patent on July 15, 2021. Carson paid cash of $65,000 to the seller. Legal fees of $4,500 were paid related to the acquisition. What amount should be debited to the patent account?

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