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Olin [163]
4 years ago
5

You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,

000,000, what is your share?
A. $180,000
B. $190,000
C. $200,000
D. $210,000
Business
1 answer:
GarryVolchara [31]4 years ago
3 0
I think ty best answer would be b.
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So they know what do when they fight back or attack

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KonstantinChe [14]

Answer:

D) It would not be recorded.

Explanation:

FASB means Financial Accounting Standards Board.

Financial Accounting Standards Board is a private, non-profit organization standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the US.

No matter what kind of restriction a donor might impose, FASB standards require nonprofits to report finances in a way that makes it clear which funds have donor restrictions and which funds come without donor restrictions. FASB standards are in three categories: “unrestricted,” “temporarily restricted,” and “permanently restricted.”

Unrestricted are those items that have no donor-imposed restrictions

Temporarily Restricted are those items that were received with a donor-imposed restriction that will be satisfied in the future (generally within one year)

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Since the school will recieve the pledge ONLY if it is able to raise $500,000 in funds over the next year, then the pledge would not be recorded

3 0
3 years ago
An employee has gross earnings of $1,200 and withholdings of $91.80 for social security and medicare taxes and $120 for income t
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Given the following parameters:

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The employer pays for the Federal Unemployment Tax Act (FUTA) – $9.60

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