Margaret Lindley paid $15,010 of interest on her $300,100 acquisition debt for her home (fair market value of $500,100), $4,010 of interest on her $30,010 home-equity loan, $1,010 of credit card interest, and $3,010 of margin interest for the purchase of stock. Assume that Margaret Lindley has $10,010 of interest income this year and no investment expenses. How much of the interest expense may she deduct this year?

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed.required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

When is going to be why would you put money into saving account

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false