Answer and Explanation:
The journal entry to record the federal income tax expense is shown below:
Federal income tax expense ($10,000 - $4,000) $6,000
To Federal income tax payable $6,000
(being the federal income tax expense is recorded)
Here the federal income tax expense is debited as it increased the expense and credited the federal income tax payable as it increased the liabilities
Answer:
over 1 million
Explanation:
It has been over 1 million for the past couple years, in 2019 it was just below 2 million.
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Answer:
A. The difference between the net income the analyst expects the firm to generate and the required earnings of the firm.
Explanation:
Residual income measures an organisation's internal corporate performance by looking at the difference between the income geneated by the firm and the required minimum returns. It can be described as the excess of generated income over required earnings for the firm.
For personal Income, residual income represents the income an individual has left after deducting all personal expenses and all debts.
Based on the question, therefore, residual income will be the excess amount after a company's analysts' deduct the required earnings of the company from what the company generates.
The consulting engagement document that will be prepared for presentation to the CEO is called a Non-Disclosure Agreement.
<h3>
What is Non-Disclosure Agreement?</h3>
A confidentiality agreement (also known as a nondisclosure agreement or NDA) is a legally enforceable contract in which a person or company pledges to treat specified information as a trade secret and not to reveal the secret to anyone without prior authorization.
<h3>
What is the purpose of an NDA?</h3>
An NDA's main aim is to secure information that will be transferred to another party by agreeing on how that information can and cannot be used.
Learn more about Non-Disclosure Agreement:
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Answer:
the GDP is $6,850 billion
Explanation:
The computation of the GDP for this economy is as follows:
GDP = Personal consumption expenditure + Government purchases + Gross private domestic investment + Exports- imports
= $4,800 + $1,050 + $1,130 + $240 - $370
= $6,850
hence, the GDP is $6,850 billion
