Accrual:- in layman terms, accrual is an ongoing process. For example if you are in an auto, the fare keeps on accruing as we travel
Realization:- in layman terms realization is the receiving of the money that had accrued. For example, when you pay the auto fare, that is realization
Answer:
True
Explanation:
Using desk check, talk-throughs, walkthroughs, simulation, and other exercises on a regular basis helps prepare the organization for crises and, additionally, helps keep the CM plan up to date.
Answer:
True
Explanation:
When you have an amount of money allotted to you its good to come up with a plan on how to spend it efficiently.
Answer:
$12,642
Explanation:
The computation of the state tax liability is given below:
Tax Liability is
= [{(Income Tax Base - Non Business Income) × Apportionment Factor} + Allocated Non- business Income] × tax rate
= [{($434,000 - $76,800) × 0.2852} + $61,900] x 0.0775
= [$101,873.44 + $61,250] × 0.0775
= 163,123.44 × 0.0775
= $12,642