This year, Yuan started a business selling computer parts both in store and online. He purchased $60,000 of goods during the year via credit card. His ending inventory was $9,000. For tax purposes, Yuan adopted the cash method and the treatment of inventory as deductible when purchased per his books. His deduction for inventory for the year is:

a $69,000.
b. None of the above.
c $60,000.
d $51,000

d $51,000

Explanation:

Ending inventory is the value of the inventory in the store at the end of the year.

Goods are purchased and added to the the beginning inventory, the sale for the period is deducted from it. the residual value is the value of ending Inventory.

In This question it is assumed that there is no beginning inventory of the goods. $90,000 of the purchases were made and at the end of the year there was $9,000 balance of inventory.

We can calculate the deduction value as follw

Ending Inventory = Beginning Inventory + Purchases - deduction

$9000 = $0 + $60,000 - deduction

$9000 = $60,000 - deduction

Deduction = $60,000 - $9,000 = $51,000

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability

answer; ///decision making under risk;