During the year oscar travels from raleigh to moscow russia, Ask an Expert

Accounting

During the year, Oscar travels from Raleigh to Moscow (Russia) on business. His time was spent as follows: 2 days travel (one day each way), 2 days business, and 2 days personal. His expenses for the trip were as follows (meals and lodging reflect only the business portion):

Air fare $3,600
Lodging 1,000
Meals and entertainment 1,600

Presuming no reimbursement, Oscar's deductible expenses are:

a) $1,800.

b) $3,000.

c) $4,200.

d) $5,400.

e) $6,200.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9414695

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - suppose the interest rate is 83 apr with monthly

Question - Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $ 115 every three months for six years if rounded to the nearest cent?

Question - kramer corp reported the following sale and

Question - Kramer Corp. reported the following sale and purchase transactions related to a specific product in January 2017: Date Transaction Quantity Unit Cost Unit Sales Price Jan 01 Beginning inventory 5 $90 Jan 03 Sa ...

Question - pharoah company purchased equipment for 11160 on

Question - Pharoah Company purchased equipment for $11160 on January 1, 2017. The company expects to use the equipment for 3 years. It has no salvage value. Calculate the Monthly depreciation expense on the asset?

Questions answer the following questions all the questions

Questions: Answer the following questions. All the questions below are based on it. You are NOT allowed to cite information from other sources!!! It is based on Australian accounting system so do not rely too much on you ...

Question - milo corp has a beta of 13 the us government

Question - Milo corp has a Beta of 1.3. The U.S. government T-Bill is expected to yield 0.04, and the S&P 500 is expected to yield 0.11 in the near future. What is Milo's required rate of return?

Question - lirin inc factors 6000000 of its accounts

Question - Lirin Inc. factors $6,000,000 of its accounts receivables without recourse for a finance charge of 5%. The finance company retains an amount equal to 10% of the amounts receivable for possible adjustments. Lir ...

Question -a identify at least two reasons why an accrual

Question - a. Identify at least two reasons why an accrual accounting income statement is more useful for analyzing business performance than a cash flow based income statement. b. Describe what would be reported on the ...

Question - calculate the break-even in dollars given the

Question - Calculate the break-even in dollars given the following information: Sales per unit of $40, variable costs of $15, fixed costs of $15,000, and a desired profit of $20,000. What is the break-even in dollars?

Question - newman fowler borrowed 97320 on march 1 2015

Question - Newman Fowler borrowed $97,320 on March 1, 2015. This amount plus accrued interest at 6% compounded semiannually is to be repaid March 1, 2025. To retire this debt, Newman plans to contribute to a debt retirem ...

Question - robin corporation purchased 150000 previously

Question - Robin Corporation purchased 150,000 previously unissued shares of Nest Company's $10 par value common stock directly from Nest for $3,400,000. Nest's stockholder's equity immediately before the investment by R ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert