In 2010 juan and juanita incur 9800 in legal and adoption, Ask an Expert

Accounting

In 2010, Juan and Juanita incur $9,800 in legal and adoption fees directly related to the adoption of an infant son born in a nearby state. Over the next year, they incur another $4,500 of adoption expenses. The adoption becomes final in 2011. Which of the following choices properly reflects the amounts and years in which the adoption expenses credit is available:
2010 2011

a. $9,800 $ 4,500

b. None $13,360

c. None $14,300

d. $9,800 $ 4,370

e. None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M962656

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