Vicki owns and operates a news agency (as a sole proprietorship). During 2017, she incurred expenses of $24,000 to increase circulation of newspapers and magazines that her agency distributes. For regular income tax purposes, she elected to expense the $24,000 in 2017 . In addition, Vicki incurred $15,000 in circulation expenditures in 2018 and again elected expense treatment. What AMT
adjustments will be required in 2017 and 2018 as a result of the circulation expenditures?
a. $16,000 positive in 2017, $2,000 positive in 2018.
b. $16,000 negative in 2017, $2,000 positive in 2018.
c. $16,000 negative in 2017, $10,000 positive in 2018.
d. $16,000 positive in 2017, $10,000 positive in 2018.
e. None of the above.
a
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A company had average total assets of $2,560,000, total cash flows of $1,860,000, cash flows from operations of $340,000, and cash flows from financing of $1,020,000. The cash flow on total assets ratio equals:
A. 13.28%. B. 39.80%. C. 12.58%. D. 72.66%. E. 23.86%.
When the authors refer to the Internet having opposing forces of connectors and cocooners, who are they referring to?
What will be an ideal response?
A firm's current ratio is always lower than its quick ratio (for the same accounting period)
Indicate whether the statement is true or false
MapQuest often provides directions using ____ highways or roads
A) principal B) principle