Answer:
d. $ 46,500
Explanation:
Particulars Amount Remarks
Interest income $15,000 Given
Qualified dividends $9,000 Given
Net capital gain $22,500 Given
Total $46,500
The maximum amount of Chen's Investment interest expense deduction for the year is $46,500
Answer: A market segment is a group of people who share on or more common characteristics, lumped together for marketing purposes.
Explanation: People, or sometimes groups of people, who share similar thoughts, personalities, income, or lifestyle, will often be grouped together by companies for the purpose of advertising to them more efficiently. When this happens, it is called a market segment.
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Answer:
<u>Oct 1</u>
Dr Accounts receivable 70,000
Cr Bed debts expense 70,000
(Accounts receivable is an asset and when it increases, they are debited. When expenses increase, they are credited.)
<u>Oct 30</u>
Dr Cash 70,000
Cr Accounts receivable 70,000
(Cash is an asset and when it increases, it is debited. Accounts receivable is an asset and when it decreases, they are credited)
