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Zinaida [17]
3 years ago
13

To be eligible for business deductions, your business must make a profit in any __________ years of a __________-year period.

Business
1 answer:
mixer [17]3 years ago
7 0

Answer:

To be eligible for business deductions, your business must make a profit in any __________ years of a __________-year period.

b. 3,5

Explanation:

The IRS safe harbor rule states that a business must make a profit in 3 out of 5 consecutive years to be regarded as a business that is established for profit-making motive.  This implies that if profits are not made in 3 of 5 consecutive years, IRS will not presume that the entity is established for profit, thereby affecting the entity's ability to claim business deductions.

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Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footn
alexgriva [62]

Answer:

The correct answer is Option B.

Explanation:

The full disclosure principle is a concept that requires all necessary details relating to the notes to the financial statements are provided and explained in such a way that would be understandable to the users of the financial statements.

The disclosures are expected to be in compliance with the accounting standards, regulatory pronouncements, among others.

6 0
3 years ago
What are new guidelines issued by GAAP for consolidating entities
Brut [27]
Consolidation Rules Under GAAP

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6 0
2 years ago
Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________
Lady bird [3.3K]

This retailer's Fill rate was 88 percent.

Fill rate, also called order fulfillment fee, is the percentage of orders that you could ship from your to-be-had inventory with no misplaced sales, backorders, or stockouts. it is a very good mirrored image of your potential to meet purchaser calls and the overall effectiveness of your eCommerce operations.

The fill rate formula is simple. You divide the range of purchaser orders shipped in full through the number of patron orders positioned. whilst you multiply that number by 100, you'll study your fill price in the form of a percent.

Fill rate refers to the share of consumer calls that is met via on-the-spot inventory availability, without backorders, stockouts, or lost income. without a doubt positioned, it's an indication of how nicely you are able to meet patron calls at any given time.

Learn more about the Fill rate here: brainly.com/question/25793394

#SPJ4

5 0
1 year ago
How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competiti
Marysya12 [62]
<span>In a monopoly, prices are usually higher
 because there's no competition,
 whereas in a competitive market items which  are not priced orderly may never sell
so correct option is A 
hope it helps

</span>
6 0
3 years ago
Read 2 more answers
To avoid problems at work you believe you have to adjust to tge truth a little? Agree or Disagree
meriva
I disagree because you should never change the truth just a little because if you do your lying to yourself and everybody else.
8 0
2 years ago
Read 2 more answers
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