subject
Business, 25.11.2019 20:31 annieleblanc2004

Terry traveled to a neighboring state to investigate the purchase of two hardware stores. his expenses included travel, legal, accounting, and miscellaneous expenses. the total was $52,000. he incurred the expenses in june and july 2015. under the following circumstances, what can terry deduct in 2015?
a. terry was in the hardware store business and did not acquire the two hardware
stores.
b. terry was in the hardware store business and acquired the two hardware stores and began operating them on october 1, 2015.
c. terry did not acquire the two hardware stores and was not in the hardware store business.
d. terry acquired the two hardware stores but was not in the hardware store business when he acquired them. operations began on october 1, 2015.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:30
Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.
Answers: 3
question
Business, 22.06.2019 06:00
According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is
Answers: 1
question
Business, 22.06.2019 07:50
In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?
Answers: 2
question
Business, 22.06.2019 21:50
scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.
Answers: 1
You know the right answer?
Terry traveled to a neighboring state to investigate the purchase of two hardware stores. his expens...
Questions
question
Mathematics, 12.11.2019 12:31
question
English, 12.11.2019 12:31
question
Biology, 12.11.2019 12:31
Questions on the website: 13722367