Answer:
The correct answer is A
Explanation:
Cash payments journal is the one which records the all the cash payments which is made by the business which involve the cash purchases of equipment, merchandise, supplies and payment to creditor.
So, the note payable payment in which the cash is received is recorded in the cash payment journal and also the accrued interest.
Answer:
The amount incurred by Charles division in the direct fixed cost is $20,250
Explanation:
The computation of the amount incurred in the direct fixed cost is shown below:
Direct fixed cost is
= Charled fixed cost - common fixed cost ÷ 2
= $170,700 - ($300,900) ÷ 2
= $170,700 - $150,450
= $20,250
hence, the amount incurred by Charles division in the direct fixed cost is $20,250
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
increase
Explanation:
it will give you more time to react if there is a problem, if you break it is more likely your car will slide if the weather is bad, so if the following distance is increased you can break and not rear end someone. and if traffic is bad and someone makes a sudden stop you could hit them, so keeping distance between you and the person infront of you is safer
Answer:
All of the above are true.
Explanation:
The following statements about a corporation is true.
<u>1. A corporation is a separate taxpaying entity that must file a tax return annually. </u>
A corporation is a legal entity that is separate and distinct from its owners. they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, <u>and pay taxes annually just like individuals.</u>
<u>2. A newly formed corporation must select its basic accounting method. </u>
A newly formed corporation will have to choose its accounting method. Accounting method refers to the rules a company follows in reporting revenues and expenses. The two primary methods are accrual accounting and cash accounting.
3. The terms "regular corporation" and "C corporation" are synonymous.
The C corporation is the <u>standard (or default) corporation under IRS rules.</u> The S corporation is a corporation that has elected a special tax status with the IRS and therefore has some tax advantages, hence cannot be said to be regular but has obtained a special status by election.
