in 2021 panther organization received 200,000 from the sale of merchandise to eagle enterprise, a wholesale operation which is building up its inventory in anticipationof potential strike by another of its suppliers. PO's cost of goods sold is $125000 on this transaction.

What is the 2021 GI, if any, for PO?

What is/ are the 2021 deduction(s), if any, for Eagle Enterprises?

List the relevant facts and relevant law.

Answer rating: 100% (QA)

Relevant Facts 1 Panther Organization PO received 200000 from the sale of merchandise to Eagle Enter... View the full answer