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Kathryn Janeway is the owner of Enterprise Consulting Services. Her income statement showed the following expenses: Rent, $36,000 Salaries $14,000 General Expenses $5,000 Interest $1,200
- Kathryn Janeway is the owner of Enterprise Consulting Services. Her income statement showed the following expenses:
- Rent, $36,000
- Salaries $14,000
- General Expenses $5,000
- Interest $1,200
- Fines and penalties $1,000
The fines and penalties are due to a late filing of taxes. What total expenses will Enterprise Consulting Services show on its Schedule C?
| a. | $56,200 | |
| b. | $57,200 | |
| c. | $55,000 | |
| d. | $50,000 |
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Risk Based Auditing
Authors: Phil Griffiths
1st Edition
0566086522, 9780566086526
