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mart [117]
3 years ago
8

Explain why income property cash flow is not the same as taxable income. Property cash flow usually differs from property taxabl

e income because:
Business
1 answer:
GREYUIT [131]3 years ago
7 0

Answer:

Income property cash flow is not the same as taxable income for the following reasons:

- The amount of income that the owner must report for federal income tax purpose is different from the net cash flow created by the rental property

- While the interest part of a mortgage payment is tax deductible, a cash outflow is not tax deductible.

-In the calculation of taxable income from annual operations,a deduction for -depreciation is allowed, however, the owner does not pay for depreciation on an annual basis. This creates a reduction in taxable income as compared to the actual cash flow.

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Answer:

B. who can immediately take over the family business

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<em>Option A</em> is wrong because opportunity cost is not related to intelligence.

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Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,770 and two j
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WORK IN PROCESS INVENTORY    

May 1 balance 3770 May 31 Finished Goods 9234

31-May Material 11470    

31-May labour 13870    

31-May Overheads 9431.6    

may 31 Balance 29307.6    

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TOTAL 1340 8530 11570 7867.6 29307.6  

Note: Total cost of Job 429 transferred to Finished goods:  

Beginning cost  2430    

Add: Material  2940    

Add: Labour  2300    

Add: Overheads (2300*68%) 1564    

Total cost of Job 429  9234  

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