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sammy [17]
3 years ago
15

The difference between the small business owner and the entrepreneur is that the entrepreneur:A. manages the businessB. files ta

xes for the businessC. assumes the risk of the businessD. is responsible for the profits of the businessE. is accurately described by all of the above
Business
1 answer:
Oksanka [162]3 years ago
4 0

Answer:

E. is accurately described by all of the above

Explanation:

  • The main difference is that the entrepreneurs took at the big picture and are more ideal,  innovative and risk-takers and focuses more on the startups and growth and spread of business and attempts to make profits
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Answer:

Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).

So Lionel will be able to deduct $1,650 as interest expense (above the line deduction).

Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.

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3 years ago
A registered representative sends a prospecting letter to customers stating that significant profits can be achieved by purchasi
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Answer:

B) must be balanced by a statement that trading options can also result in significant losses.

Explanation:

Representatives do not trade securities by themselves, they only enter orders on behalf of their clients and following their clients' orders. That means that the clients assume the risk of losing money due to a bad investment. The clients are also the ones that benefit the most since it is their money being invested. Any statement that states the possibility of significant earnings, must also include the possibility of significant losses.

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3 years ago
Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs includ
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Answer:

$152.4 million

Explanation:

The computation of the projected net income is shown below:

As we know that

Net income = (EBIT - interest) × (1 - tax rate)

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So, the projected net income is

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The proper order of the following steps in the accounting cycle is prepare unadjusted trial balance, journalize transactions, po
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<em>The Accounting Cycle is as follows:</em>

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<em>2. Transactions are posted to the ledger.</em>

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<em>4. Adjustment data are asssembled and analyzed. </em>

<em>5. An optional end-of-period spreadsheet is prepared. </em>

<em>6. Adjusting entries are journalized and posted to the ledger. </em>

<em>7. An adjusted trial balance is prepared. </em>

<em>8. Financial statements are prepared. </em>

<em>9. Closing entries are journalized and posted to the ledger. </em>

<em>10. A post-closing trial balance is prepared. </em>

<em />

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3 years ago
What is the Securities and Exchange Commission (SEC)?
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A federal agency that regulates the stock market
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