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Which of the following statements is correct regarding Schedule C and C-EZ? A. Small businesses with business expenses of $7,000 or less may be able

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Which of the following statements is correct regarding Schedule C and C-EZ? A. Small businesses with business expenses of $7,000 or less may be able to file Schedule C-EZ instead of Schedule C OB. Schedule C is used only to report profit from a business O C. Schedule C is used to report profit or loss from a business OD. Small businesses with less than 10 employees should use Schedule C-EZ Dustin is a sole-proprietor who owns a small business that makes business cards for other companies. He started the company in 2017 and had $4,800 in total business expenses for the year. Which of the following applies to Dustin's small business? OA. Dustin must use Schedule C when filing the business return OB. Dustin can use Schedule C-EZ because he had less than $5,000 of expenses OC. Dustin can use Schedule A because he had less than $5,000 of expenses D. Dustin does not have to file a Schedule C or C-EZ because his business had less than $5,000 in expenses The total gain on an installment method is adjusted basis in that property. The selling price includes all of the following except: OA. The money and the fair market value of property received for the sale of the property OB. Any selling expenses O C. Existing debt encumbering the property that the buyer assumes OD. Unstated interest

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