Executor's fees paid by an estate are deductible in computing the gross estate. Funeral expenses for the decedent paid by an estate are deductible in computing the adjusted gross estate. An executor can choose to deduct the decedent's funeral expenses on either the estate tax return or the estate's income tax return. An executor can only deduct the costs of administering the decedent's estate on the estate's income tax return.

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.

What are two benefits of consumer programs

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.