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3 years ago

Which of the following does not give rise to a business expense for self-employed taxpayer's uniforms or special clothing?

Business

1 answer:

svp [43]3 years ago

4 0

Answer: e. All of these choices are deductible.

Explanation:

All of the above give rise to a business expense for self-employed taxpayer's uniforms or special clothing and as such are deductible.

A lawyer needs to look the part and the option said it was a 'business suit' so that classifies as a work expense.

A clown cannot be a clown without their costume so that is definitely a business Expense as well.

Some scientists need hazmat suits to perform their duties effectively so this counts as a business expense as well and is also deductible.

And a mascot like a clown, cannot be a mascot without their attire so that is a business Expense as well.

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The following data is available for Sampson Corporation. Sampson Corporation Accounts Item Amount Net income $200,000 Depreciati

frosja888 [35]

Answer:

cash flow provided by operation 260,000

Explanation:

net income 200,000

adjustment for non-monetary terms: (A)

depreciation expense 60,000

loss on sale of land 15,000

adjusted net income 275,000

Change in working capital:

decrease in AR 30,000

Decrease in AP (45,000) (B)

net change in WC: (15,000) (C)

cash flow provided by operation 260,000

(A) we must focus on cahs movement so the depreciation and loss on sale which are non-mentary term. This are not related to cash

(B) the decrease in account receivable means we colelct from our customer more.

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3 years ago

Select the correct answer. Which pre-test method involves asking the people being surveyed to rank the different ad concepts the

choli [55]

Answer: C. Consumer Jury test

The consumer jury test is a method in which advertisements are tested by screening them to a selection of consumers before they are aired commercially. It is one of the ways to pre-test an advertisement.

In this method, the consumers are asked to rank the advertisements in order of preference. The members of the consumer jury also answer questions related to their preferences and help in evaluating the advertisements.

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2 years ago

One financial institution is offering a 1% interest rate on savings accounts while another institution is offering a 2% interest

REY [17]

Answer:

Explanation:

One of the way through which banks make profit is by investing in some other financial institutions. The interest on this type of deposit forms a major component of the banks' profit .

We also need to know that the money invested by banks are the deposit made by the banks customers , who in return is also expecting a certain amount as interest on his deposit.

Based on this explanation , a bank will offer a lower interest rate compared to the financial institution's interest in order to make its share of the of profit on its customers money invested in other financial institution.

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3 years ago

Here are no differences between common law and civil law. *<br> 1 point<br> True<br> False

WITCHER [35]

The statement is false

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3 years ago

the ending retained earnings balance of lambert inc. increased by $2.6 million from the beginning of the year. the company's net

S_A_V [24]

The amount of dividends Lambert Inc. declared and paid is $5.2 million.

<h3>What is dividend?</h3>

A dividend refers to the sum paid to people who invest in a company, at the end of the financial year. In other words, it is a reward paid to the shareholders for their investment in a company's equity.

We know that:

Closing retained earnings

= Opening retained earnings + net income earned - dividend paid

Then,

The ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year

Also, net income earned during the year is $7.8 million

Hence,

Dividend paid

= -$ 2.6 million + $7.8 million

= $5.2 million

With regards to the above, the amount of dividends Lambert Inc. declared and paid is $5.2 million.

Learn more about dividend here: brainly.com/question/13991661

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1 year ago