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Alex
4 years ago
15

Under the general requirements of Code Sections 162 and 212 regarding trade/business and income-producing activities, to be dedu

ctible an expense must be
Business
1 answer:
vovangra [49]4 years ago
4 0

Answer:

Related to carrying on the activity

Explanation:

The general requirement of the code sections 162 and 212 about the expense allowing as a deduction against income of the business is that the expenses are only allowable if it is related to the same business income. This means that the trading expense would be set off against trading income and rental expense would be set off against rental income. Furthermore, the expenses (losses) would be only deductible for the future years if the business has not abandoned its operations which means the expenses are related to carrying activities.

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Which of the following is used by entrepreneurs
amid [387]

Answer:

i think it's merger or majority interest

5 0
3 years ago
True or false: Flexible prices help to explain how unexpected changes in demand lead to the fluctuations in GDP and employment t
Salsk061 [2.6K]

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True this is the answer thanks please rate

4 0
3 years ago
Coy, Inc. initially issued 200,000 shares of $1 par stock for $1,000,000 in 2016. In 2017, the company repurchased 20,000 shares
Ivan

Answer: $240,000

Explanation:

400,000÷20,000 = $20 per share (repurchase price)

160,000 ÷ 10,000 = $16 per share (sales price)

$400,000 - $160,000 = $240,000

The treasury stock account is created upon the repurchase of a company's own stock. The treasury stock account is debited for cost of repurchase and then credited.back when the stocks are resold. However, after repurchasing 20,000 stock for 400,000 and selling hlaf the repurchased stock (10,000) for $160,000, then the repurchase price is greater than the sales price. There will be no paid in capital, with the entire amount credited to treasury stock.

6 0
4 years ago
A university is struggling financially, and has just formed a board of trustees and invited 25 of its wealthiest alumni to join
Pani-rosa [81]

The process adopted by the university in inviting its wealthiest alumni to join the board is an example of Co-optation.

<h3>What is Co-optation?</h3>

In business term, the term "Co-optation" is a process adopted by a firm by acculturating a smaller group with related interests because they will gain some values collectively therein.

In conclusion, the process that is adopted by the university in inviting its wealthiest alumni to join the board is an example of Co-optation.

Read more about Co-optation

<em>brainly.com/question/7715001</em>

3 0
3 years ago
Entrepreneurs affect the economic decisions a country makes by:
xeze [42]

Answer:

D. identifying new ways for people to fulfill their wants and needs

Explanation:

Entrepreneurs start new businesses in society. They are quick to spot and identify needs and wants in the market. Entrepreneurs establish businesses to provide solutions to these needs and want at a profit.

Entrepreneurs use their creativity to come up with new and unique products that offer solutions to society's problems. They innovate better products and ways of offering services that are friendly and more cost-effective. Entrepreneurship goes hand-in-hand with creativity and innovation.

8 0
3 years ago
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