Can you explain the difference between capital and revenue items of expenditure and income?

The Internal Revenue Code lists a number of different gross income sources. When a taxpayer receives something that is not one of the listed items, is it exempt from tax? Explain your answer. From the book: The Code lists the following different gross...

The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during the year ending in either 2010 or 2011. All values are...

Sorry, I don't know if "submit my income tax" is the proper wording - But I'm 17 and new to this. Also, I'm in Canada in case that makes a difference. I've posted several questions about this on Yahoo Answers just for some convenient help....

Please read below for clarification before answering: I'm taking about companies like Netflix and Amazon disrupting brick and mortar stores, as an example. Here's a hypothetical example with very simplified/fake numbers: Let's say that in 1990 a brick...

Social Media / General Etiquette: Acceptable to ask a friend to invite some of their Facebook friends to follow your artistic website’s Facebook page? Some background: I’m a writer of literature. For a decade, Iâ...

We already know Obama wants the current tax breaks under the Bush administration to expire in 2010. By default, your taxes will go up. My question is, Obama says he'll give tax breaks to corporations who keep their business in the US. He also claims...

i luv mi sum dirty jokes, check this out! Saturday morning I got up early, put on my long johns, dressed quietly, made my lunch, grabbed the dog, slipped quietly into the garage to hook the boat up to the truck, and proceeded to back out into a torrential...