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NEW QUESTION: 1
Total asset turnover is used to evaluate
A. activity.
B. profitability.
C. long-term solvency.
Answer: A
Explanation:
It measures how many dollars of sales are generated by a dollar of assets.
NEW QUESTION: 2
Welche der folgenden Angaben wird als Eingabe für die Erstellung eines Kostenmanagementplans verwendet?
A. Lektionen gelernt
B. Projektmanagementplan
C. Expertenurteil
D. Kostenvoranschläge
Answer: B
NEW QUESTION: 3
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
The Moores had no capital loss carryovers from prior years. During 1994, the Moores had the following stock transactions, which resulted in a net capital loss:
A. $1,000
B. $1,500
C. $25,000
D. $900
E. $500
F. $2,000
G. $75,000
H. $1,250
I. $10,000
J. $2,500
K. $0
L. $55,000
M. $3,000
N. $1,300
O. $50,000
Answer: M
Explanation:
Explanation
"J" is correct. $3,000. The capital loss on Revco ($10,000 loss) is added to the capital gain on Abbco ($4,000) to produce a net capital loss of ($6,000). The Moores can claim $3,000 of the loss on their
1994 income tax return and carry the balance forward to 1995.