Mitch is in the 24% tax bracket. He may receive a different tax benefit for a $2,000 expenditure that is classified as
a deduction from AGI than he will receive for a $2,000 expenditure that is classified as a deduction for AGI.
True
RATIONALE: The value of the tax benefit to Mitch for the deduction from AGI may be less than
that for the deduction for AGI. The value of the deduction for AGI for a taxpayer in
the 24% bracket for a $2,000 expenditure is $480 ($2,000 × 24%). If Mitch takes the
standard deduction rather than itemizing deductions, then the $2,000 expenditure that
is classified as a deduction from AGI has no tax benefit.

Which part/word/phrase in the passage refers to a business’s financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.