Cricket Corporation has a $50,000 NOL in the current year. Cricket does not have pre 2018 NOLs. Cricket expects its taxable income for next year to exceed $40,000. What issues should be considered with respect to the use of the NOL?
What will be an ideal response?
The primary issue is calculating the NOL limitation. In 2019, the NOL limitation is $32,000
($40,000 * .80).
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A useful tool for understanding and persuading that combines basic analytical thinking with recognition of the special features of the underlying legal system is ________.
A. sociological jurisprudence B. legal reasoning C. analytical reasoning D. legal positivism
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where gift-giving is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. The firm's products are also available in a number of retail establishments around the world. The leading salesperson for Clearwater Hampers is Peter Austin who has been with the company since it began operation in 1979. The firm's owners were originally trout farmers who needed a source of income during the winter months and who diversified into selling fine liquors, cheeses, chocolates, and other luxury food items. The company uses a variety of promotions to make prospects
aware of the company's products.As Austin sells Clearwater Hampers, he can use his Tablet to do all of the following EXCEPT: A. create sales presentations. B. initiate trial closes. C. check a shipment status. D. generate expense reports. E. track customer buying patterns.
An example of expenditure classification by object would be:
A. Salaries. B. Public safety. C. Current. D. Police department.
Define utilitarianism and its two types. How does this theory differ from the casuist ethical theory?
What will be an ideal response?