Answer:
Option c. is correct
Explanation:
Under the Golsen rule, the Tax Court must follows the Court of Appeals such that the court of appeals has direct jurisdiction over the taxpayer. The Court is said to reach a decision without calculating the tax when a Tax Court decision is said to be entered under Rule 155.
In this question, The Golsen rule applies here and weakens the legal justification for the deduction
Answer:
Explanation:
Forecast usage = 50 %
Actual Usage = 52%
smoothing constant = 0.10
⇒ 50 + 0.10 (52 - 50)
⇒ 50 + 0.10 (2)
⇒ 50 + 0.2 = 50.20
There are five general types of cover letters:
<span>1. </span>Application Letter - to apply for a specific job opening
<span>2. </span>Referral Cover Letter - mentions the name of a person who has referred you to a job
<span>3. </span>Letter of Interest - <span> a prospecting letter, inquires about possible job openings </span>
<span>4. </span>Networking Letter-<span> request job search advice and assistance (sample networking letters)</span>
<span>5. </span>Value Proposition Letter - a brief statement explaining what makes the candidate unique
<span>If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.</span>
Answer:
E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.
Explanation:
The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy
It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)
1. percent of accounts receivable method,
2. percent of sales method
3. the aging of accounts receivable method
Hence, the correct option is E.
