Your friend Jomaine says a traditional IRA or 401(k) has the best tax advantages because you don’t pay any taxes now and you can’t wait until you retire to pay taxes why might he be right

In a partnership, loans taken out by the general partners are binding on the limited partners. aren't a liability of either the general or limited partners aren't binding on the limited partners. are null and void.

In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.

What is the best place to obtain a masters degree! a)community college. b)public high school. c)trade school. d)university