Both operating expenses and cost of goods sold (COGS) are expenditures that companies incur with running their business. However, the expenses are segregated on the income statement. Operating expenses and COGS measure different ways in which resources are spent in the process of running a company.
Answer:
Deferred Tax Liability= $564,000
Explanation:
The question is to determine the deferred tax liability to recognize by Sunland Co. at the end of the year 2017.
Step 1 :
We determine what the Income tax expense is for the year
Income tax expense= Pretax financial income x Income Tax rate
Income tax expense= $1,410,000 x 0.30 = $423,000
Step 2:
Although we recognized receivables as well as instalmental sales for reporting purposes under the accrual method. However, these will be subject to tax when we decide to recognize it in the future.
As such Deferred tax liability = Future Tax Liability
Deferred Tax liability for Sunland Co= Instalmental Sales x Income tax expense
= $1,880,000 x 0.3= $564,000
Services act as a middleman, allowing individuals to securely send and receive money is A. p2p
<h3>How to illustrate the information?</h3>
It should be noted that p2p simply means the peer to peer platform that allows two individuals to be able to interact directly without the third party.
Peer-to-peer (P2P) lending eliminates the need for a middleman financial institution by allowing borrowers to get loans directly from other borrowers. P2P lending has become much more popular as a substitute for traditional funding thanks to websites that make it possible.
It should be noted that they act as services that act as a middleman, allowing individuals to securely send and receive money.
Therefore, the correct option is A.
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Answer:
A job, employment, work or occupation, is a person's role in society. More specifically, a job is an activity, often regular and often performed in exchange for payment ("for a living"). Many people have multiple jobs (e.g., parent, homemaker, and employee). A person can begin a job by becoming an employee, volunteering, starting a business, or becoming a parent. The duration of a job may range from temporary (e.g., hourly odd jobs) to a lifetime (e.g., judges).
