1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
34kurt
3 years ago
10

During the current year, Robert pays the following amounts associated with his own residence:

Business
1 answer:
aev [14]3 years ago
7 0

Answer:Deductibles. Non Deductibles.

Property tax 4500 Repairs 1200

Mortgage Int 8000. Utilities 2700

Explanation:Deductibles are statutory bills and must at all cost be paid while Non Deductibles are self servicing bills and are not compulsory bills.You can choose not to repair your gadget's or automobile but you cannot ignore forfeit paying your taxes and government bills.

You might be interested in
During its first year in business, Comfy Home accounted for its inventory using the last in first out (LIFO) method. In the seco
Dmitry [639]

Answer:

Consistency principle

Explanation:

Accounting principles are defined as the general rules of.axcpunting that businesses are expected to follow when reporting financial information.

Accounting principles include:

- Accrual principle

- Conservatism principle

- Consistency principle

- Cost principle

- Economic entity principle

- Full disclosure principle

- Going concern principle

- Matching principle

- Materiality principle

- Monetary unit principle

- Reliability principle

- Revenue recognition principle

- Time period principle

Consistency principle requires one the continue using an accounting method consistently for future accounting periods so that information can be easily comparable.

In the given scenario the accountant tells Tenisa that US GAAP allows a company to choose its inventory valuation method as long as it doesn't change over time without a justifiable reason.

This is an example of consistency principle

5 0
2 years ago
When scheduling the audit work to be performed on an engagement, the auditors should consider confirming accounts receivable bal
Dvinal [7]

Answer:

The correct answer is letter "B": Internal control over receivables is good.

Explanation:

Only in the case the internal control of an organization is well-established enough so those account receivables (AR) are paid according to the terms agreed between the organization and its debtors, auditors could consider the balance of the account receivables at a provisional date.

7 0
3 years ago
The new international division of labor reflects the growing importance of
Ivahew [28]

Answer:

A) Outsourcing

Explanation:

Outsourcing is sourcing labor and talent internationally rather than domestically.

4 0
3 years ago
On April 2, KLV sold $30,000 of inventory items on credit with the terms 1/10, net 30. Payment on $18,000 sales was received on
yuradex [85]

Answer:

b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120

Explanation:

The last payment of $12,000 it's without discount because was not made within the 10 days, so it's necessary to Debit Cash by $12,000 and reverse the accrual for the remaining $120 discount offered not applied.

The it's necessary to record this entry:

b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120

7 0
2 years ago
Freddie's Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want
azamat

Answer:

Customize reports

Review recurring transactions

Set up and implement an online bill pay service

Explanation:

Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:

1. Customize reports: this includes forms and reports and, if possible to memorize reports.

2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.

3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.

4 0
3 years ago
Other questions:
  • Both James and Thomas have theories that explain why listening to classical music while reading is associated with increased rec
    13·1 answer
  • "suppose that over the course of a year 100 people are unemployed for 4 weeks each (the short-term unemployed), while 10 people
    13·1 answer
  • A real estate salesperson is often approached by home buyers of a particular race. His usual practice is to show them homes in n
    10·1 answer
  • Aziz company sells two types of products, basic and deluxe. the company provides technical support for users of its products, at
    6·1 answer
  • 2 forests and their resources what are the costs and benefits of deforestation?
    11·1 answer
  • 8+x=18. Solve for x.
    12·1 answer
  • Park Co is considering an investment that requires immediate payment of $28.245 and provides expected cash inflows of 59,300 ann
    7·1 answer
  • You received $50 as a birthday gift and chose to spend it on new wallpaper for your room. The opportunity
    13·1 answer
  • True or False: While monitoring any online conversations about its brand, a company should also monitor the search results that
    12·1 answer
  • he income statement columns in the end-of-period spreadsheet show that debits are equal to $26,754 and credits are $68,142. what
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!