Bob and Carol have been in and out of marital counseling for the past few years. Early in the current tax year, they decide to separate. However, because they are barely able to get by on their current incomesthey cannot afford separate housing or the legal costs of a divorce. So Bob moves out of their house in March and takes up residence in their detached garage (which has an enclosed workshop and bathroom). Carol stays in the house with their two children and pays more than half of the costs of maintaining their residence. Bob does not enter the house for the remainder of the year. Can Carol qualify as an abandoned spouse when filing her Federal income tax return for the year?

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

Walmart’s scm system walmart is famous for its low prices, and you may have experienced its low prices first-hand. at least, you have probably seen its motto, “always low prices— always.” one of the biggest reasons walmart is able to sell at prices lower than almost everyone else is that it has a superefficient supply chain. its it-enabled supply chain management system is the envy of the industry because it drives excess time and unnecessary costs out of the supply chain. so, because walmart can buy low, it sells low. as a matter of fact, if your company wants to sell items to walmart for it to sell in its stores, you will have to do business with it electronically. if your company can’t do that, walmart won’t buy anything from you. log on to walmart’s web site (), search for supplier information, and find out what walmart’s requirements are for its suppliers to do business with it electronically. prepare a brief summary of its requirements for presentation in clas

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.