Iris, a calendar year cash basis taxpayer, owns and operates several tv rental outlets in florida and wants to expand to other states. during 2019, she spends $14,000 to investigate tv rental stores in south carolina and $9,000 to investigate tv rental stores in georgia. she acquires the south carolina operations but not the outlets in georgia. as to these expenses, iris should: a. expense $23,000 for 2019. b. expense $9,000 for 2019 and capitalize $14,000. c. capitalize $14,000 and not deduct $9,000. d. capitalize $23,000. e. none of these choices are correct.

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.