If you owned and lived in the place for two of the five years before the sale, than up to $250,000 of profit is tax free.
Answer:
17.30%
Explanation:
The computation of the return on investment is shown below
But before that the net income is
Sales $5,375,000
Less: COGS -$3,225,000
Less: Operating Expenses -$1,147,000
Net Income $1,003,000
Now
Return on Investment is
= Net Income × 100 ÷ Average Assets
= $1,003,000 × 100 ÷ $5,800,000
= 17.30%
When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should issue an opinion that is unmodified.
<h3>What is GAAP?</h3>
The full form of the GAAP is Generally Accepted Accounting Principles in which the rules and regulations related to the financial accounting are written.
In the above case in which the Non public company is affected by the departure of the material then the auditors must issue the an opinion that is unmodified.
Learn more about the accounting principles here:
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Despite Saturated triglyceride having high melting point and been stable against air they are not healthy. These is because saturated triglyceride has no double bond between carbon atom which make them tightly packed.These bring about an increased low density lipoprotein(LDL)in human which may led to health problems.
