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Essay: Answer the following essay questions. (a.) What are the components and their relationships in the computation of cost of goods sold on Schedule C

Essay: Answer the following essay questions. (a.) What are the components and their relationships in the computation of cost of goods sold on Schedule C for a merchandising firm? Also indicate the usual items included in any component that represents a net amount. (b.) In computing the home office deduction for a self-employed taxpayer using the actual operating costs of the home, what are the allowed business deductions related to the home office and what is the order

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