Business
Business, 01.08.2019 23:40, kturvey225

How is the installment sale of an entire business reported on the tax return?

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Business, 18.07.2019 06:30, vsuescun10
The great outdoors is having a sale on their road bikes. the store is also offering financing to those who qualify. the road bike that you are interested in is a bianrekmondiant that is on sale for $2,199. the sales associate informs you that the closed-end installment loan offered by the store is a 36 month installment plan with monthly payments of $82.83. determine the finance charge (interest) of the installment loan. a. $780.32 c. $782.88 b. $790.10 d. $728.23
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SAT, 25.07.2019 16:30, alisaharnauth
Igot a letter from the irs (4464c), but i'm confused. which says the following, " we received your income tax return and are in the process of conducting a thorough review of your review of your return information. this review is a part of an ongoing program the irs conducts to ensure the accuracy of return information. your return was selected because we are reviewing one or more of the following: 1) income you reported on you return. 2) income tax withholding amounts you reported on your return. 3) claims for tax credits you made on your return. 4) business income you reported on your return. can someone me what's going ?
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Mathematics, 27.07.2019 21:30, devenairefp85xfg
The great outdoors is having a sale on their road bikes. the store is also offering financing to those who qualify. the road bike that you are interested in is a bianrekmondiant that is on sale for $2,199. the sales associate informs you that the closed-end installment loan offered by the store is a 36 month installment plan with monthly payments of $82.83. determine the finance charge (interest) of the installment loan.
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Business, 31.10.2019 06:31, taliyahjhonson1
The deville company reported pretax accounting income on its income statement as follows: 2018 $ 435,000 2019 355,000 2020 425,000 2021 465,000 included in the income of 2018 was an installment sale of property in the amount of $64,000. however, for tax purposes, deville reported the income in the year cash was collected. cash collected on the installment sale was $25,600 in 2019, $32,000 in 2020, and $6,400 in 2021. included in the 2020 income was $27,000 interest from investments in municipal bonds. the enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. required : prepare the year-end journal enteries to record income taxes for the year 2018 - 2021.
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