Question: 44200 is incorrect 44200 is wrong answer pls answer correctly Continuing the facts from the prior question, BPS has accrued the following expenses (explained below):
Continuing the facts from the prior question, BPS has accrued the following expenses (explained below): The expenditures were all paid for this caiendar year with several exceptions. First, Ben initiated his golfer's malpractice insurance on July 1 st of this year. The $1,200 insurance bill covers the last six months of this calendar year and the first six months of next yeat. At year end Ben had only paid $600, but he has assured the insurance agent he would pay the remaining $600 early next year. Second, the amount paid for club rental (\$100 per week) represents rental charges for the last six weeks of the previous year, for the 52 weeks in this calendar year, and the first 10 weeks of next year. Ben has aiso mentioned that BPS only pays for supplies that are used at the club. Although BPS could buy the supplies for half the cost elsewhere, Ben likes to "Throw some business" to the golf pro shop because it is operated by his brother. What is the amount of deductions claimed by BPS? (Excel spreadsheet template is provided) Continuing the facts from the prior question, BPS has accrued the following expenses (explained below): The expenditures were all paid foc this calendar year with several exceptions. First, Ben initiated his goifer's malpractice insurance on July 1 st of this year. The $1,200 insurance bill covers the last six months of this calendar year and the first sax months of next year. At year end Ben had only paid $600, but he has assured the insurance agent he would pay the remaining $600 early next year. Second, the amount paid for club rental (\$100 per week) reperesents rental charges for the last slx weeks of the previous year, for the 52 weeks in this calendar yoar, and the first 10 weoks of next year. Ben has also mentioned that BPS only pays for supplies that are used at the club. Although BPS could buy the supplies for haif the cost elsewhere, Ben lkee to "throw some business" to the goif pro shop because it is operated by his brother. What is the amount of ceductions claimed by BPS? (Excel spreadsheet template is provided)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
