Bridgeport corp. reported these income statement data for a 2-year period. 2022 2021 sales revenue $263,000 $225,690 beginning inventory 42,390 30,650 cost of goods purchased 206,680 177,650 cost of goods available for sale 249,070 208,300 less: ending inventory 60,160 42,390 cost of goods sold 188,910 165,910 gross profit $74,090 $59,780 bridgeport corp. uses a periodic inventory system. the inventories at january 1, 2021, and december 31, 2022, are correct. however, the ending inventory at december 31, 2021, is overstated by $7,380.

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.

Acompany factory is considered which type of resource a.land b.physical capital c.labor d.human capital

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.