최신 CPA-Regulation 무료덤프 - AICPA Certified Public Accountant CPA Regulation
Under the uniform capitalization rules applicable to taxpayers with property acquired for resale, which of the following costs should be capitalized with respect to inventory if no exceptions have been met?
정답: D
설명: (DumpTOP 회원만 볼 수 있음)
Among which of the following related parties are losses from sales and exchanges not recognized for tax purposes?
정답: C
설명: (DumpTOP 회원만 볼 수 있음)
Which one of the following will result in an accruable expense for an accrual-basis taxpayer?
정답: A
설명: (DumpTOP 회원만 볼 수 있음)
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
Tom received $10,000, consisting of $5,000 each of principal and interest, when he redeemed a Series EE savings bond in 1994. The bond was issued in his name in 1990 and the proceeds were used to pay for Laura's college tuition. Tom had not elected to report the yearly increases in the value of the bond.
Determine the amount of income or loss, if any that should be included on page one of the Moores'
1994 Form 1040.
Tom received $10,000, consisting of $5,000 each of principal and interest, when he redeemed a Series EE savings bond in 1994. The bond was issued in his name in 1990 and the proceeds were used to pay for Laura's college tuition. Tom had not elected to report the yearly increases in the value of the bond.
정답: D
설명: (DumpTOP 회원만 볼 수 있음)
Which of the following statements is the best definition of real property?
정답: A
설명: (DumpTOP 회원만 볼 수 있음)
Rich is a cash basis self-employed air-conditioning repairman with 1993 gross business receipts of
$20,000. Rich's cash disbursements were as follows:
What amount should Rich report as net self-employment income?
$20,000. Rich's cash disbursements were as follows:
What amount should Rich report as net self-employment income?
정답: D
설명: (DumpTOP 회원만 볼 수 있음)
On February 1, 1993, Hall learned that he was bequeathed 500 shares of common stock under his father's will. Hall's father had paid $2,500 for the stock in 1990. Fair market value of the stock on February 1, 1993, the date of his father's death, was $4,000 and had increased to $5,500 six months later. The executor of the estate elected the alternate valuation date for estate tax purposes. Hall sold the stock for $4,500 on June 1, 1993, the date that the executor distributed the stock to him.
How much income should Hall include in his 1993 individual income tax return for the inheritance of the 500 shares of stock, which he received from his father's estate?
How much income should Hall include in his 1993 individual income tax return for the inheritance of the 500 shares of stock, which he received from his father's estate?
정답: B
설명: (DumpTOP 회원만 볼 수 있음)