Answer:
A.
Explanation:
Organizational expense amortized over fifteen years for purposes of determining taxable income results in an upper adjustment in the initial years to book income on the Schedule Minus−1 when the expense is being amortized over ten years for book income purposes.
Answer:
They receive goods or services from someone within the organization.
Explanation:
Internal customers works within an organisation to carry out their transaction
Answer:
$3,561.25
Explanation:
Statement showing computations
Particulars Amount
Cash balance per books 3,492.50
Service Charges (6.25)
Note Collected by Bank 450.00
NSF Check from Customer (375.00)
Adjusted amount of Cash 3,561.25
Therefore, The adjusted amount of Cash that should be reported for May 31 is $3,561.25
Answer:
The company's debt to equity ratio is 1.32
Explanation:
Wilson Company has following
Total Debt = Current liabilities + long-term liabilities
Total Debt = 100 + 150 = $250
Total Capital = Contributed capital + Retained earnings + Accumulated other comprehensive income
Total Capital = 120 + 50 + 20 = 190
Debt to equity Ratio = Total Debt / Shareholders Equity
Debt to equity Ratio = 250 / 190
Debt to equity Ratio = 25 / 19
Debt to equity Ratio = 1.32