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ValentinkaMS [17]
2 years ago
10

Which agency is responsible for collecting income taxes and administering audits?.

Business
1 answer:
Anvisha [2.4K]2 years ago
4 0

Answer:

the Internal Revenue Service (IRS)

Founded in 1862, the Internal Revenue Service (IRS) is a U.S. federal agency responsible for the collection of taxes and enforcement of tax laws.

Explanation:

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A new accountant at Windsor, Inc. is trying to identify which of the following amounts should be reported as the current asset "
seropon [69]

Answer:

The balance should Windsor report as its "Cash and cash equivalents" balance at April 30, 2017 is $19,410

Explanation:

The computation of the "Cash and cash equivalents" balance at April 30, 2017  is shown below:

= Currency amount + U.S treasury bill + check received in April month + checking account + saving account

= $70 + $11,100 + $300 + $2,730 + $5,210

= $19,410

The other given transactions would not be included because there is no outflow and inflow of cash for the April month. Hence, ignored it

5 0
3 years ago
accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of t
Mila [183]

If accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period. based on this information, the adjustment to net income for the period will be reported as: a decrease of $4,000 which will be added to net income.

<h3>How to find the adjustment to net income?</h3>

Using this formula to determine the adjustment to net income

Adjustment to net income = accounts receivable had a debit balance - Beginning debit balance

Where:

Accounts receivable had a debit balance = $10,000

Beginning debt balance = $6,000

Let plug in the formula

Adjustment to net income = $10,000 - $6,000

Adjustment to net income = $4,000


Therefore we can conclude that the adjustment to net income for the period will be reported as a decrease of $4,000 which will be added to net income.

Learn more about adjustment to net income here:brainly.com/question/6748270

#SPJ1

7 0
1 year ago
Which of the following individual achievements is not suitable to include in a college application?
satela [25.4K]

Answer:

Grade 6 spelling bee champion

Explanation:

it is not relevant by the time you are applying for college, and does not say very much about you as a person & what you like to do.

7 0
3 years ago
Because of uncertainty about future inflation, the union devotes a large quantity of resources to monitoring inflation indicator
babymother [125]

This illustrates that a moving <span>inflation is directly related to the increasing costs of transactions. The situation perfectly implies that costs will be incurred to ensure efficient and effective flow of processes. This theory also applies to all business strategies of companies.</span>

6 0
4 years ago
Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $490. She
lutik1710 [3]

Answer:

high quality and the other one is a little more than I can say is that I was just wondering if you were still going to be able to make it to the store and get some rest and feel better soon and that is why I am asking for a friend to talk to you about it when I get home

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3 years ago
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