Question
32. In computing income under the net worth method, the following facts are found: Total assets..................................................................................... $1,600,000 Total liabilities................................................................................ 825,000 Nondeductible expenses................................................................. 120,000 Net worth
32.
In computing income under the net worth method, the following facts are found:
| Total assets..................................................................................... | $1,600,000 |
| Total liabilities................................................................................ | 825,000 |
| Nondeductible expenses................................................................. | 120,000 |
| Net worth at beginning of year...................................................... | 560,000 |
Adjusted Gross income is:
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Expert Fraud Investigation A Step By Step Guide
Authors: Tracy Coenen
1st Edition
0470387963, 978-0470387962
