The following information will be used to answer questions 3 through 6: James Company had the following income statement accounts for the year ended December 31, 2010: Net Sales $600,000 Selling, General, and Administrative Expenses $80,000 Income Tax Expense $35,000 Unrealized Loss on Available-for-Sale Securities $8,000 Cost of Goods Sold $400,000 Interest Expense $5,000 Gain from Discontinued Operations, net-of-tax $30,000 James Company's Income from Operations for 2010 was:

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

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.

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?