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pedro morales and associates a cpa firm uses job order costing to capture the costs of its audit jobs there were no
garza company expects to have a cash balance of 46000 on january 1 2010 relevant monthly budget data for the first 2
on may 1 skyline flying school a company that provides flying lessons was started with an investment of 45000 cash in
what is the unextended due date for the income tax return of a corporation whose fiscal year ends on february 28 what
on march 15 year 1 james smith formed a business to rent and service vending machines providing healthy snack
an s corporation shareholder is currently in the 28 percent tax bracket his s corporation is going to pass a very large
charles owns a 25 percent interest in cal corporation an s corporation the corporation has run into some difficulties
the jane corporation an s corporation makes several property distributions to its two equal shareholders a and b during
pa corporation an s corporation has two equal shareholders p and a prior to the end of the current year pa decides to
the operating results for peep corporation an s corporation for last year were as followsrevenuesrevenuesgross
ccc partnership borrowed 100000 on a five-year recourse note from a local bank it also purchased land for 60000 putting
explain the difference in recourse and nonrecourse liabilities when distinguishing between general and limited partners
in year 1 sally invested 45000 for a 10 percent interest in a limited partnership this is sallys only passive
partner x a 13 partner in xyz partnership needs a distribution from the partnership for some unexpected bills the
julie transferred a personal-use computer to her sole proprietorship the computer originally cost her 3000 at the date
maggie brown works for a clipping service from her home she spends three to four hours per day reading newspaper
george and georgenne formed the gg partnership as equal partners each partner contributed cash and property with a
jim and angie form the jaz partnership with zoe by contributing 75000 each to partnership equity zoe the third partner
refer to the information in the preceding problem except that george and georgenne are equal shareholders in an s
john mason operates a consulting business mason enterprises as a sole proprietorship he had to transfer 100000 of
the cabot corporation has had financial problems for a several years the two shareholders have discussed liquidating
the blanton corporation had a deficit in its current earnings and profits of 36500 for the current year it has 75000 in
bob and jane brother and sister are equal partners in a family partnership that owns 400 shares of the sibling
the prosperity corporation has accumulated 200000 of earnings beyond the reasonable needs of the business the