Answer and Explanation:
The answer is attached below
Answer:
$11,000
Explanation:
Data provided as per the requirement of net income for year 1 is here below:-
Provided consulting services = $50,000
Paid rent expense = $12,000
Paid employees salaries = $27,000
The computation of net income for Year 1 is shown below:-
Net income for Year 1 = Service revenue - Rent expense - Salary expenses
= $50,000 - $12,000 - $27,000
= $11,000
Therefore for computing the Net income for Year 1 we simply applied the above formula.
the property being appraised is a one-unit property that will be used as an investment property, Fannie Mae requires that the appraiser must prepare a Form 1004, Form 1007.
Although Grounding has always been a unit of property that is available, it has never been linked as a unit that is compatible with Retirement in the job management system. Property Unit The AICPA advises giving an example to demonstrate how a taxpayer might be able to consider all section 1250 leasehold improvements that are a component of the same building as a single unit of property (or "UOP").
The Board of Directors approves the annual disposal of physical assets after an inventory is completed. Workshop Report: Meaningful Engagement of Indigenous Peoples and Communities in Marine Activities (MEMA), September 17, 2016, Brunswick, Maine, Bowdoin College.
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The invisible hand is the phrase initiated by Adam Smith as the economic theory. The idea behind the invisible hand has been the development of the policy by the government guiding the economy.
<h3>Who was Adam Smith?</h3>
Adam Smith was the Scottish economist of the eighteenth century. In his book, "The Wealth of Nations" he introduced the phrase the invisible hand.
The idea has been the development of the policies by the government as the invisible hand for the producers and the consumers that made the guide to the economy.
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