Research determined that the campaign was very successful
Answer:
$4,412
Explanation:
If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.
That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.
Answer:
A. PPO insurance plans offer a wider choice of primary care doctors and specialists.
Explanation:
Answer:
Explanation:
Sale Value 1500000
less:Adjusted basis (1000000-89765) 910235
a)Gain recognized 589765
b) in case of sale of real property,cooperates are subject to section 291 to recapture.According to section 291,cooperates taxpayers to recaptures 20% of the lessor of the gain recognized or accumulated depreciation taken.
The recaptured gain is taxed as ordinary gain.
The remaining gain is taxed as section 1231 gain.
Section 1231 Gain (589765-17953) 571812
Section 1250 recapture due to section 291 (89765×20%) 17953
