Comprehensive problem 3with emphasis on schedule cchristian everland (ss# 412-34-5670) is single and resides at 3554 arrival road, apt. 6e, buckhead, ga 30625.page b-4last year christian started his own landscaping business. he now has two employees and had the following business results in 2016: revenue$63,500expenseswages$12,500p ayroll taxes956fuel3,500repairs2,345assets truck, used 100% for business. original cost of $22,000. purchased on 03/01/16.mower #1. original cost of $4,500. purchased new on 01/05/16.mower #2. leased for $200 per month for all of 2016.other business equipment. original cost of $4,000. purchased new on 01/05/16.christian has no other income, does not itemize, and has no dependents. he paid four quarterly federal tax estimates of $1,000 each. requiredprepare christian’s 2016 form 1040 and supplemental schedules. schedule c, form 4562, and schedule se are required. he wants to contribute to the presidential election campaign and does not want anyone to be a third-party designee. christian had qualifying health care coverage at all times during the tax year. for any missing information, make reasonable assumptions.

Abeverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. the official rules of the contest state that the odds of winning a prize are is the claim "one in six game pieces wins a prize" correct? why or why not? 1: 6.

Which investment has the liquidity and can be converted into cash easily?

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.