Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Aug 2017 My Price 5.00

cash basis taxpayer

Yolanda is a cash basis taxpayer with the following transactions during the year:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Cash received from sales of products $65,000 Cash paid for expenses (except rent and interest) 40,000 Rent paid on a leased building for 6 months beginning December 1 12,000 Prepaid interest on a bank loan, paid on December 31 for the next 3 months 5,000

 

 

Calculate Yolanda's income from her business for this calendar year.

 

Sales Income Expenses Other than rent and interest Rent Interest Net Income

Answers

(5)
Status NEW Posted 10 Aug 2017 11:08 PM My Price 5.00

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