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3 years ago

Who pays the tax does depend on who writes the check to the government?

1 answer:

4 0

Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />

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which statement best describes the sec rules relating to bookkeeping services? a. bookkeeping services are permitted if the indi

mash [69]

The statement best describes the SEC rules relating to bookkeeping services is an accountant generally cannot provide bookkeeping services to an SEC audit client.

The practice of regularly documenting your company's financial activities into arranged accounts is known as bookkeeping. It may also be used to describe the many recording methods that companies may employ.

A bookkeeper will make sure that all of a company's accounts are correct and current. Additionally, they will periodically report on those accounts so the owners and management are aware of their financial situation. Additionally, tidy accounts make it simple for accountants to intervene and handle their duties at the conclusion of the financial year.

To track income and spending as effectively as possible, a corporation must employ three different forms of accounting. Cost, management, and financial accounting are some of them.

The given question is incomplete, the complete question is:

Which statement best describes the SEC rules relating to bookkeeping services?

a. Bookkeeping services are permitted, as long as the individuals performing these services are not the same individuals performing the audit.

b. Bookkeeping services are permitted if the fees from these services are insignificant relative to the audit fees.

c. Bookkeeping services are permitted if the client agrees in writing to accept responsibility for the adequacy of these services.

d. An accountant generally cannot provide bookkeeping services to an SEC audit client.

To know more about Bookkeeping Services here

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4 0

1 year ago

Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $19 million. The fair value of Midwest's assets

shutvik [7]

Answer:

$7.2 million

Explanation:

For computing the amount paid for the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = Fair value of Midwest's assets - fair value of Midwest's liabilities

= $14.3 million - $2.5 million

= $11.8 million

And, the acquisition price of the outstanding stock is $19 million

So, the goodwill would be

= $19 million - $11.8 million

= $7.2 million

4 0

3 years ago

Page(s) 345-346 11.1. What is price discrimination? Order the following businesses based on the likelihood that the firm will be

MissTica

Answer: i just need points sorry

Explanation:

5 0

3 years ago

1. Consider a project such as moving to a new neighborhood, completing a long-term school assignment, or even cleaning your bedr

kompoz [17]

Answer:

Kindly check the explanation section

Explanation:

Since we are considering any of the three projects that is; moving into new neighborhood, completing a long-term school assignment, or even cleaning your bedroom.

Thus, let's consider the project- completing a long-term school assignment.

For an assignment we have the assumption that the date for the final submission of the assignment is known. Also, the money in buying related materials such as textbook are already sorted out.

Here are the set of activities necessary to accomplish the project: completing a long-term school assignment.

(1). Get materials related to the assignment from the internet, libraries.

=> No predecessors.

(2). Read up the materials such as course notes, textbook, PDFs related to the assignment.

=> Predecessors: (1).

(3). Put everything together to solve the assignment.

=> Predecessors = (1) and (2).

EXPLANATION:

(1). Get materials related to the assignment from the internet, libraries. Materials such as textbooks, past questions and so on are collected from the library, senior colleague and internet. Here there are no predecessors.

(2). Read up the materials such as course notes, textbook, PDFs related to the assignment. Reading up all the information gathered in the step (1) above. The predecessor is the step (1) above.

(3). All the information gathered in (2) above through (1) are out into practice and used in solving the assignment. The predecessors are (1) and (2).

5 0

2 years ago

The mode of exchange that requires some form of centralized social organization to receive economic contributions from all membe

weeeeeb [17]

Answer: <em>Redistribution</em>

Explanation:

Redistribution is referred to as the mode of exchange which tends to include certain type of the centralized social group or organization. The representative of the group or the organization further tends to contribute articles such as money, food, clothing, etc. to this central social organization, and this organization then further redistributes the article to representative of the group.

6 0

3 years ago