Which of these would be fully deductible in 2020 on Schedule A? Investment interest expense of $1,200 with investment income of $1,100. Investment interest expense of $1,400 with investment income of $1,500 ($300 of which was from municipal bond interest). Investment interest expense of $1,900 with $1,350 in investment income and $550 increase in investment value. Investment interest expense of $800 with investment income of $900.

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow