Answer:
The best answer is "A"
It is deductible both on Tony's income tax return and on Abe's estate tax return
Answer:
The answer is 36.5 days
Explanation:
Average days to sell inventory is the number of days it takes a firm or business to sell its inventories in a year.
(Average inventory/cost of goods sold) x 365 days
Average inventory = ($800 + $1,200) ÷ 2
=$1,000
Therefore, Barry Bee's average days to sell inventory is ($1,000 ÷ $10,000) x 365days
=36.5 days
Answer:
Sales for March, 164 * 15 = $2,460
Explanation:
According to the accrual system, the purchases and sales are recorded when they occur. When compared to the cash basis, they are only recorded when actual cash is received or paid for them.
For March the transaction of 164 units has occurred and thus this sale will be recorded.
Sales for March, 164 * 15 = $2,460
This is the revenue recorded for March under accruals, for cash this would have been 0.
Hope that helps.
Answer: <u><em>Option (B) is correct.</em></u>
Explanation:
The scenario stated in the given question presents an conscientious issue of interactional justice.
Interactional justice can referred to as the "scale to which an individual is affected by judgement and how much is the judgement been pondered upon with dignity and respect".
This theory concentrates on the interpersonal analysis individual receive when judgments are given. It is a sub-part of organizational justice.
