Phillip's classic automobile was completely destroyed in a fire at the storage unit where he had it garaged. The fire was declared a federal disaster. The insurance company paid $10,000 on the vehicle. The auto's fair market value was $28,000, and his basis was $22,000. Phillip's AGI is $55,000. What is the amount of Phillip's deductible casualty loss

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.

How is challah bread made? if i have to dabble the recipe?