Several years ago, Maurice and Maureen Morris, a married couple from Ohio, purchased a used piano at an auction sale for $500, and their daughter used the piano lessons. In the current year, while cleaning the piano, Maurice and Maureen discovered $14,467 in cash tucked inside the piano. Being unable to ascertain who put the money there, and after consulting with locak authorities, the Morrises kept the $14, 467 (which, in accordance with Ohio law, is legal). a. List as many possible tax reasearch issues as you can determine wheher the Morrises are liable for any tax on the money they found.
b. After completing your list of tax research issues, list the keywords you might use to construct an online tax research query.

Exercise 6-2 variable costing income statement; explanation of difference in net operating income [lo6-2] ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $970. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 200 units sold 180 units in ending inventory 20 variable costs per unit: direct materials $ 130 direct labor $ 300 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 63,000 fixed selling and administrative $ 25,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 174,600 cost of goods sold 139,500 gross margin 35,100 selling and administrative expense 27,700 net operating income $ 7,400 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing.