Cosmo Inc. paid $15,000 plus $825 sales tax plus a $200 delivery charge for a new business asset. Cosmo's tax basis in the asset is $15,200, and it can deduct the sales tax.
Answer the following statement true (T) or false (F)
False
Sales tax must be capitalized as part of the cost of the asset.
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Which of the following best represents a currently popular strategy among big companies like Apple, Google, and Amazon?
A. Become involved in the community. B. Seek niches where there is less competition. C. Get consumers tightly connected to the company's ecosystem. D. Offer personal or emotional connections to customers. E. Discourage price comparisons.
_____ are intraorganizational networks that support web applications and help HR managers post position vacancy announcements for employees to peruse and consider from their own PCs.
Fill in the blank(s) with the appropriate word(s).
Steve’s basis in his SAW Partnership interest is $200,000 including all adjustments at the beginning of the tax year, . His allocable share of partnership items is: ($120,000) of ordinary loss, $6,000 tax-exempt interest income, and a $14,000 long-term capital gain. In addition, during the year, the LLC distributed $20,000 of cash to Steve. Also during the year, Steve’s share of partnership debt increased by $10,000. Steve’s ending basis in his LLC interest is $80,000.
Answer the following statement true (T) or false (F)
The doctrine of partial performance under the Statute of Frauds is not available for oral real estate contracts
Indicate whether the statement is true or false