This Year, Yuan Started a Business Selling Computer Parts Both

question 76

Multiple Choice

This year, Yuan started a business selling computer parts both in store and online.He purchased $60,000 of goods during the year via credit card.His ending inventory was $9,000.For tax purposes, Yuan adopted the cash method and the treatment of inventory as deductible when purchased per his books.His deduction for inventory for the year is:

• A)$51,000.
• B)$60,000.
• C)$69,000.
• D)None of these.

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Definitions:

Behavioral Conditioning

A learning process through which behaviors are altered or formed based on a stimulus-response association.

Insomnia

A sleep disorder characterized by difficulty falling and/or staying asleep, affecting overall health and quality of life.

Depression

An emotional health issue defined by an ongoing depressed state or absence of pleasure in tasks, which considerably hinders daily activities.

Psychological Disorders

Mental disorders characterized by patterns of thought, feeling, and behavior that are significantly distressing, deviant from cultural norms, and lead to impairment in functioning.