Katarina worked as an ER nurse, and knows that demand for the job is high. However, prior to returning to work, when the twins enter kindergarten, she will need to take classes on the latest technological advancements
Which of the following tax planning strategies should the Bajorshiks consider as they plan their financial future?
A) When Katrina returns to school, they should track school-related expenses and determine eligibility for the Lifetime Learning credit.
B) While the children are under age 13, the Bajorshiks should track childcare expenses and determine eligibility for the child and dependent care credit.
C) Both A and B are legitimate tax planning strategies that the couple should consider.
D) Neither A nor B is a tax planning strategy that is relevant to this couple's situation.
Answer: C
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The reason goodwill is sometimes referred to as a master valuation account is because
a. it represents the purchase price of a business that is about to be sold. b. it is the difference between the fair value of the net tangible and identifiable intangible assets as compared with the purchase price of the acquired business. c. the value of a business is computed without consideration of goodwill and then goodwill is added to arrive at a master valuation. d. it is the only account in the financial statements that is based on value, all other accounts are recorded at an amount other than their value.
Which of the following pertain to the internal workings of a company?
A) strengths and opportunities B) opportunities and threats C) strengths and weaknesses D) opportunities and weaknesses E) strengths and threats