Ralph owns a sole proprietorship and had no proceeds and no expenses over the full financial year

Fantastic news! We've Found the answer you've been seeking!

Question:

Ralph owns a sole proprietorship and had no proceeds and no expenses over the full financial year 2022. Does Ralph need to file a Schedule C? Yes. Ralph needs to file a Schedule C every year he owns the sole proprietorship

Posted Date: May 18, 2024 04:08 PM

See More Questions

1. Does Amazon have a special responsibility to their employees given the current COVID-19 pandemic? Are they meeting this responsibility? Why or why not? 2. How should Amazon prioritize their...
Erins Boutique was recently destroyed by fire. For insurance purposes, she must determine the value of the destroyed inventory. She knows the following information about her 2012 operations before...
On a trial balance, why does the retained earnings balance shown relate to the beginning of the period rather than the end of the period?
U.S. Airways recognizes revenue from airline ticket sales when a customer takes a flight or not later than one year from the date of sale (flight coupons have a useful life of one year from the date...
BodyTone Company sells lifetime health club memberships. For one up-front, nonrefundable fee, a customer becomes a lifetime member of BodyTones network of health clubs. The fee is $2,000. The fee...
If a company has net sales of $704000 and cost of goods sold of $478720, the gross profit percentage is 68%. 100%. 22%. 32%.
You have been working in industrial manufacturing machinery sales for 1 year. You find that you have significantly overcharged one of your B2B clients. The error was discovered when you received...
Let's learn a little more about resilience. Watch these three short clips on resilience to find out what it is, the science behind it, and how it is built....
Light travels at 3 * 1 0 ^ 8 meters per second. At its closest approach, the Earth is approximately 1 . 4 6 4 * 1 0 ^ 1 1 meters from the surface of the sun. How long does it take light to travel...
Equipment was acquired on January 1, 2025 at a cost of $168,000. The equipment was originally estimated to have a salvage value of $8,800 and an estimated life of 10 years. Depreciation has been...
Camp Rainbow offers overnight summer camp programs for children ages 10 to 14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not...
2. AA, AAA, C and D cells all deliver the same voltage( 1.5V)when the batteries are fully charged. However,as the size of thebattery increases, the amount of current that can be deliveredbythe...
2.3 An astable multi-vibrator (using 555 timer IC shown in Figure 2.3) generated an output waveform with a frequency of 720 Hz and a duty cycle of 74.82%. +15V RA Reset Dis Re Trig Output %3D...
Write a paper detailing a geographic information system (GIS) of your own design that would utilize data in an original manner.
Perfectly competitive firms are _________, who must accept the market price as determined by the forces of demand and supply.
Consumers believe that all firms in a perfectly competitive market sell _________ products.
In all types of market environments, firms will maximize profits at that output that maximizes the difference between _________ and _________, which is the same output level where _________ equals...

Ralph owns a sole proprietorship and had no proceeds and no expenses over the full financial year

Question:

Expert Answer:

Students also viewed these accounting questions