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kati45 [8]
3 years ago
12

Which of the following statements is correct in connection with the investigation of a business? a.Regardless of whether the tax

payer is already engaged in the trade or business, the expenses must be capitalized and amortized. b.If the taxpayer is not already engaged in the trade or business, the expenses incurred are deductible if the project is abandoned. c.That business must be related to the taxpayer's present business for any expense ever to be deductible. d.Expenses may be deducted immediately by a taxpayer engaged in a similar trade or business regardless of whether the business being investigated is acquired. e.None of these choices are correct.
Business
1 answer:
jekas [21]3 years ago
7 0

Answer:

c. That business must be related to the taxpayer's present business for any expense ever to be deductible.

Explanation:

If the business is acquired, the expenses may be deducted immediately by a taxpayer engaged in a similar trade or business. The expenses may be deducted regardless of whether the business being investigated is acquired.

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Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectatio
Trava [24]

Answer:

B. Real wages for university employees will rise.

Explanation:

Increase in income is @ 5%, and that the actual inflation is only 4% that is less than the increase in income. Accordingly, the company is paying more to the employees, and accordingly their wages have increased.

The amount of money available in real terms is more than the actual money, held by the employees earlier.

This is all because the actual increase in inflation rate is less than the increase in salary of employees.

8 0
3 years ago
Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data t
Likurg_2 [28]

Data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived.

<h3>What is data?</h3>

It should be noted that data simply means the facts and statistics that are used to analysis.

In this case, data is oftentimes considered a defensible source of competitive advantage; however, advantages based on capabilities and data that others can acquire will be short lived

Learn more about data on:

brainly.com/question/26711803

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4 0
1 year ago
On january 3, 2013, persoff corporation acquired all of the outstanding voting stock of sea cliff, inc. In exchange for $6,000,0
konstantin123 [22]

Answer:

It is a wholly owned subsidiary so the Income Statement will include the figures of both the companies in the consolidated Income Statement. However the equity side of Balance Sheet will include share capital of only the parent company and include retained earnings of both the companies, assets will added up of the two companies and reported in the Balance Sheet however goodwill of the subsidiary will also be reported and liabilities will also be added up and reported in a same manner.

Explanation:

Because the data is not completely provided a general idea is provided here:

It is a wholly owned subsidiary so the Income Statement will include the figures of both the companies in the consolidated Income Statement. However the equity side of Balance Sheet will include share capital of only the parent company and include retained earnings of both the companies, assets will added up of the two companies and reported in the Balance Sheet however goodwill of the subsidiary will also be reported and liabilities will also be added up and reported in a same manner.

3 0
3 years ago
On October 1, ABC Company receives a 9% interest-bearing note from Reese Company to settle a $20,000 accounts receivable. The no
Murrr4er [49]

Answer:

The correct answer is b. $450

Explanation:

3 0
3 years ago
Which of the following is a subjective-rather than an objective-factor that colleges might evaluate when looking at your applica
sashaice [31]
The correct answer is C. the impression you make on admissions officers during an on-campus interview.
The rest of the options are quite objective - these officers have a certain set of rules that every applicant has to meet in order to be enrolled in a university. However, what is subjective about this is the effect that the applicant may have on the officers - the better the impression is, the more likely it is that he or she will be admitted into their preferred university.
5 0
3 years ago
Read 2 more answers
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