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ra1l [238]
3 years ago
14

Iris, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Florida, and wants to expand to other

states. During 2014, she spends $14,000 to investigate TV rental stores in South Carolina and $9,000 to investigate TV rental stores in Georgia. She acquires the South Carolina operations, but not the outlets in Georgia. As to these expenses, Iris should:
Business
1 answer:
ivanzaharov [21]3 years ago
6 0

Answer:

Expense $23,000 for 2014

Explanation:

The computation is shown below:

Given that

Amount spent on investigating the TV rental stores is $14,000 in south Carolina

And, the amount spent  on investigating the TV rental stores is $14,000 in Georgia is $9,000

So, the expenses that should be spent in the year 2014 is

= $14,000 + $9,000

= $23,000

The same is to be considered

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saveliy_v [14]

Answer:

$30

Explanation:

The cash flows from financing activities will include:

+ issuance of preferred stock

+ issuance of bonds

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6 0
2 years ago
The Fabricating Department started the current month with a beginning Work in Process inventory of $11,100. During the month, it
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Answer:

a.$16,370.

Explanation:

beginning WIP cost:      11,100

cost added during the period

materials                       77,100

direct labor                  25,100

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total added                  119,770

Total cost to be accounted for: 130,870

Cost assignned to

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Total cost assigned to 130,870

As the cost to be accounted and the cost assigned to should match we contruct that and solve for the ending WIP

8 0
3 years ago
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bulgar [2K]

Answer:

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I hope you find this information useful and interesting! Good luck!

6 0
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tangare [24]

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Explanation: I hope that helped.

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LenaWriter [7]

Answer:

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