Carl, age 46, and monica, age 42, are married and will file a joint return.
they have two children, adriane and robert, whom they will claim as dependents on their joint return.
monica's cousin, michael (age 29), came to live with them in july 2017. michael's gross income was $4,300. monica and carl did not provide over one-half of michael's support for the year but did pay $600 of michael's medical bills in november 2017.
carl was enrolled all year in an hdhp with family coverage.
carl has had an hsa for four years. he has no other health insurance.
in 2017, carl made regular contributions to his hsa totaling $4,000.
in 2017, carl took $1,800 from his hsa to pay the following medical expenses:
$300 to purchase monica's eyeglasses (needed for medical reasons).
$725 for long-term care insurance for carl.
$250 for over-the-counter eye medicine for their son, robert (no prescription from doctor).
$525 for adriane's physical therapy sessions.

on his form 8889, carl can include the $250 paid for robert's over-the-counter eye medicine as a qualifying medical expense for hsa purposes.
a. trueb. false

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario.a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts,and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price.b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry.c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access.d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period.e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors.f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false