On january 1, 2018, byner company purchased a used tractor. byner paid $9,000 down and signed a noninterest-bearing note requiring $35,000 to be paid on december 31, 2020. the fair value of the tractor is not determinable. an interest rate of 12% properly reflects the time value of money for this type of loan agreement. the company's fiscal year-end is december 31.

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.

An essential element of being receptive to messages is to have an open mind true or false