Entries by Munene david

1. How could separation of duties enhance internal controls?

1. How could separation of duties enhance internal controls? 2. What is the difference between general controls and application controls? NO COPY AND PASTING FROM THE INTERNET!!   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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1) Norm purchases a new sports utility vehicle (SUV) on October 12, 2014, for $50,000.

1) Norm purchases a new sports utility vehicle (SUV) on October 12, 2014, for $50,000. The SUV has a gross vehicle weight of 6,200 lbs. It is used 100% of the time for business and it is the only business asset acquired by Norm during 2014. Compute the maximum deduction with respect to the SUV for […]

 

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Karen had the following transactions for 2014:

1) Karen had the following transactions for 2014: Salary                                                                            $  90,000 Moving expenses incurred to change jobs                                 $8,000 Inheritance received from deceased uncle                             $300,000 Life insurance proceeds from policy on uncle’s life (Karen was named the beneficiary)                                                 $200,000 Cash prize from church raffle                                                  $1,000 Payment of church pledge                                                      $3,000 What is Karen’s AGI for 2014? […]

 

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In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity

In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2013, her share of the partnership loss is $70,000. In 2013, her share of the partnership loss is $50,000. How much can Emily deduct in 2013 and 2014?   Looking for a Similar Assignment? Order now and Get 10% […]

 

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