A.$6,000
B.$7,000
C.$50,000
D.$56,000
E.$57,000
第1题
Marta finds a chest inscribed "Jack Sparrow" that contains $750,000 of cash while diving among the coral reefs off Key West, Florida.The US Customs and the DEA denied knowledge of the cash, so Marta keeps it.
I.Recognition will not occur because the windfall would not be considered as "derived from capital or from labor."
II.The All-inclusive Income Concept explains the recognition of the cash as income.
()
A、Only statement I is correct
B、Only statement II is correct
C、Both statements are correct
D、Neither statement is correct
请帮忙给出正确答案和分析,谢谢!
第2题
Santana Corporation operates a golf shop.It properly elected Subchapter S status on March 1 of the current year.Taxable income for the current year is $120, 000.What is Santana Corporation’s income tax liability?()
A、$0
B、$3,000
C、$18,000
D、$25,200
E、$40,800
请帮忙给出正确答案和分析,谢谢!
第3题
A、whether the entity ceases to exist with a change in ownership
B、who manages the entity
C、whether the owners are risking any more than they invested in the firm
D、the ease with which ownership can be transferred
第4题
A、Only statement I is correct
B、Only statement II is correct
C、Both statements are correct
D、Neither statement is correct
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