Answer:
D
Explanation:
Partnerships often leave the owners liable to damages. As they aren’t difficult to set up in comparison, the answer most likely isn’t A. B also seems unlikely, as partnerships are often on a smaller scale. C doesn’t seem to apply.
Answer:
$64,000
Explanation:
In order to be deductible, a business expense must be both ordinary and necessary. Being ordinary means that it is a plausible expense for this business, since the expense in question is related to accounting services, it is ordinary. Being necessary means that the expense is the minimum required and is appropriate and helpful to the business. In this case, all of the expense was not required, therefore, only $64,000 (the reasonable market value for the services provided) are deductible.
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Answer:
Option A is the correct answer,$5810
Explanation:
The relevant of the Y51B is the cost of replacement,which is the open market price as it is actively being used by Yehle Inc.
Besides, if the quantity currently in inventory is used it has to be replaced at open market price.
Disposal value would have been used if the material in question is not being used
The relevant of 700 liters is given below:
$5.81*1000=$5,810
1000 liters has to be bought not 700 liters as the least quantity available for sale is 1000 liters.
Above,it would be wrong to choose option D as 700 liters is not available
