Answer:
Explanation:
The indications are shown below:
1. Pay a cash dividend = dividend is debited and cash is credited
2. Pay rent in advance for the next three months = Prepaid account is debited and cash is credited
3. Provide services to customers on account = Account receivable is debited and service revenue is credited
4. Purchase office supplies on account = Supplies account is debited and account payable is credited
5. Pay salaries for the current month = Salaries expense is debited and cash is credited
6. Issue common stock in exchange for cash. = cash is debited and common stock is credited
7. Collect cash from customers for services provided in (3) above. = Cash is debited and account relevance is credited
8. Borrow cash from the bank and sign a note = Cash is debited and note payable is credited
9. Pay for the current month's utilities = Utilities expense is debited and cash is credited
10. Pay for office supplies purchased in (4) above = Account payable is debited and cash is credited
Generally speaking, the taxpayer can deduct his alimony payment but not his child support payment. He may, however, be entitled to claim the child as a dependent, although this is beyond the scope of the question.
We can deduct the alimony payment but not the child support payment. Smith paid Goode $20,000 in 2017, although he owes 24,000. The adjusted gross income depends only on how much Alimony he paid.
If he paid the full $6,000 alimony and only 14,000 of child support, he can deduct the $6,000 for an adjusted gross income of 50,000- 6,000= $46,000.
If, for example, he paid the full $18,000 in child support and only 2,000 in alimony, he can only deduct the $2,000 for an adjusted gross income of 50,000 - 2,000 =48,000.
<span>C.open up a savings account with a bank, because she can get interest and earn more money from people getting loans and using her money so she saves and earns money while doing nothing.
Hope This Helps!!</span>
Companies are divided into one or more categories based on their general objectives; capitalization and structure (also location).
<h3>
What do corporation do?</h3>
A corporation is a type of legal entity with the power to hold property, sign contracts, and bring and receive legal actions. It is a group of people who collaborate to make a profit on their investment, comprising labour and monetary suppliers.
<h3>
Who or what owns a corporation?</h3>
A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.
Learn more about stockholders: brainly.com/question/28017828
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The correct option is: For each unit of the good that is sold, buyers bear <u>one-half of the tax burden and sellers bear one-half of the tax burden.</u>
<u>Explanation</u>:
Incidence of tax is a term referred in economics which deals with division of taxes. Tax incidence refers to division of tax among the buyer and seller for a product. The tax incidence is related to the price elasticity of supply and demand.
When a product is sold, the buyer of the product is charged with one-half of the tax burden and the seller of the product bears the other-half of the tax burden.
The incidence of tax can be observed in two ways:
i) Formal incidence
ii) Effective incidence
