Charlie Davis wants to make a $20,000 charitable contribution to

Charlie Davis wants to make a $20,000 charitable contribution to the United Way to support the financial literacy program. Although he does not have the cash available, he is thinking about selling an investment and donating the proceeds. He owns 1,000 shares of XYZ stock (FMV $20,000; A/B $12,000) that he purchased six months ago and 500 shares of ABC stock (FMV $20,000; A/B $6,000) that he purchased two years ago. Both companies are listed on the New York Stock Exchange. Charlie Davis expects his adjusted gross income to be $75,000 (from his company pension, social security, and other investments). Assume he does not plan to sell any other capital assets during the year (2013). Charlie Davis expects the investments to yield similar returns in the future, and he is not partial towards keeping either stock. What should he do? What documentation is required to support the charitable contribution?,,please cite using the authoritative codes

Bernadette, a longtime client of yours, is an architect and the

Bernadette, a longtime client of yours, is an architect and the president of the local Rotary chapter. To keep up to date with the latest developments in her profession, she attends continuing education seminars offered by the architecture school at State University. During2012, Bernadette spends $2,000 on course tuition to attend such seminars. She also spends another $400 on architecture books during the year. Bernadette’s son is a senior majoring in engineering at the University of the Midwest. During the 2012 calendar year, Bernadette’s son incurs the following expenses $8,200 for tuition ($4,100 per semester) and $750 for books and course materials. Bernadette’s son, whom she claims as a dependent, lives at home while attending school full-time. Bernadette is married, files a joint return, and has a combined AGI with her husband of $103,000.,Prepare 2011 form 8863. Create tax payers last name and social security number. Assume that the son is the only dependent and that they do not itemize.,

TCO E) The four types of accounting changes, including error

TCO E) The four types of accounting changes, including error correction, are , change in accounting principle;, change in accounting estimate;, change in reporting entity; and, error correction.,,,,,Required: ,The following are a series of situations. Indicate the type of change ,1 Changing the companies included in combined financial statements,2 Change in both estimate and acceptable accounting principles,3 Change from presenting nonconsolidated to consolidated financial statements,4 Change from FIFO to LIFO inventory procedures,5 Change in amortization period for an intangible asset,6 Change due to failure to recognize an accrued (uncollected) revenue,7 Change due to charging a new asset directly to an expense account,8 Change due to understatement of inventory,9 Change from straight-line to sum-of-the-years’-digits method of depreciation,10 Change in residual value of a depreciable plant asset,11 Change in the loss rate on warranty costs,12 Change in life of a depreciable plant asset,13 Change due to failure to recognize and accrue income,14 Change in expected recovery of an account receivable,15 Change from expensing to capitalizing certain costs, due to a change in periods benefited (Points : 15) ,