This year, Randy paid $29,350 of interest on his residence. (Randy borrowed $468,000 to buy his residence, and it is currently worth $518,000.) Randy also paid $2,950 of interest on his car loan and $4,875 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. at what rate does the firm just break even?

Aslam wants to create multiple worksheet containing common formatting styles for his team members. which file extension him to save these worksheets? [templates, workbooks, files] aslam to create multiple worksheets with common styles. he needs to save them with the [xlsb, xlts, xls, xlsm] extension.