<span>Bob can claim Sara, but not Joan. To qualify for the Earned Income Credit, a child must be under the age of 19 (or under 24 if a student) or disabled, a child or direct descendant including grandchildren, living as a resident in your home with you for over half the year, having a valid social security number, and not claimed by someone else. Joan is not disabled or under 19, so she does not qualify. Sara is a direct descendant of Bob under 19 with a valid SSN who lives with him more than half the year, so she qualifies as long as Joan does not claim her.</span>
Answer:
Is the process of allocating to expense the cost of plant asset.
Explanation:
Depreciation is an expense indicating a decline in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's shown on the income statement debit side. It is a non-cash item which has no effect on the cash balance.
Moreover, it is to charged over the specified number of useful life so that proper amount of the depreciation should be recorded in the books of accounts
Answer:
Hale’s total expenses in calculating operating income is $57000
Explanation:
Operating income represents profit realized in carrying out Hale Company primary activities
Only expenses incurred in are considered in calculation of Hale`s Operating Income
<em>Cost of Sales</em>
Cost of goods sold 22200
<em>Administration</em>
Rent expenses for store 18000
Depreciation 8000
<em>Selling and distribution expenses</em>
Advertising 8800
Total Expenses 57000
Answer:
A bank run occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future
Explanation:
A bank run occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future
Answer:
The correct answer is D
Explanation:
Corporate strategy is the kind of strategy which plan to select as well as develop the specific markets in which to compete when improving the divisions as well as units of the business.
This strategy involve 2 components, which are moving to new industries and diversification, which states expanding the area of the market.
So, the corporate strategy is the one which determine the boundaries of the business in 3 dimensions like geographic scope, diversification and vertical integration.
