Matthias corp. had the following foreign currency transactions during 2017: purchased merchandise from a foreign supplier on january 20 for the u. s. dollar equivalent of $62,200 and paid the invoice on april 20 at the u. s. dollar equivalent of $54,500. on september 1, borrowed the u. s. dollar equivalent of $306,000 evidenced by a note that is payable in the lender's local currency in one year. on december 31, the u. s. dollar equivalent of the principal amount was $325,000. in matthias's 2017 income statement, what amount should be included as a net foreign exchange gain or loss?

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a.standard deductionb.itemized deductionc.personal exemptiond.none of these. all of these are from agi deductions

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average.it is valued at greater than the sum of individual business units.