Business, 03.03.2020 18:52, montana53

Egret Corporation, a calendar year C corporation, was formed on March 6, 2015, and opened for business on July 1, 2015. After its formation but prior to opening for business, Egret incurred the following expenditures: Accounting $7,000 Advertising 14,500 Employee payroll 11,000 Rent 8,000 Utilities 1,000 Round the per-month amount to two decimal places. Round other computations and the final answer to the nearest dollar. Assuming the company makes the § 195 election, the maximum amount of these expenditures that Egret can deduct in 2015 is -$ .

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 00:00, kyllow5644

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

Answers: 1

continue

Business, 22.06.2019 15:20, iselloutt4fun

Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?

Answers: 2

continue

Business, 22.06.2019 23:30, katiebaby4109

Sole proprietorships produce more goods and services than does any other form of business organization.

Answers: 2

continue

Business, 23.06.2019 01:40, Karinaccccc

The petty cash fund has a current balance of $ 350, which is the established fund balance. based on activity in the fund, it is determined that the balance needs to be changed to $ 450. which journal entry is needed to make this change?

Answers: 3

continue

Do you know the correct answer?

Egret Corporation, a calendar year C corporation, was formed on March 6, 2015, and opened for busine...