Answer:
Income tax expense is $8,250. It is recorded by debiting Income tax expense by $8,250 and crediting Income tax payable by $8,250.
Explanation:
The income tax rate is 25%. Income tax is calculated on the taxable income after all other adjustments have been made.
Note that the question gives an income figure of $33,000. This is stated as the <em>income after the preceding adjustments but before income taxes.</em> Hence, this is the amount on which we calculate the income tax expense as follows.
Income tax expense = Taxable income x Income tax rate
= $33,000 x 0.25
= $8,250
The next requirement is to record the income tax expense in the journal. This income tax has not yet been paid by the company. Therefore, an income tax payable liability is created. The journal entry is as follows.
Debit: Income tax expense $8,250
Credit: Income tax payable $8,250
Answer:
Account <u>To be indicated in</u>
1. Retained Earnings e) Stockholders' Equity
2. Accumulated Depreciation b) Property, Plant, and Equipment
3. Unearned Revenues c) Current Liabilities
4. Mortgage Payable (due c) Current Liabilities
in 6 months)
5. Equipment Property, Plant, b) Property, Plant, and Equipment
and Equipment
6. Notes Payable (due in d) Long-term Liabilities
two years)
7. Cash a) Current Assets
8. Accounts Receivable a) Current Assets
Answer:
a. PROVISION.
Under OSHA, an employee can be cited, fined or docked pay if they refuse to comply with the standards as these are to help save lives and maintain an accident free workplace.
b. NOT A PROVISION.
OSHA is authorized to act immediately and enter without any delay, into any workplace in order to investigate to see if they are enforcing OSHA provisions.
c. PROVISION.
In order to be as effective as possible. OSHA is allowed to inspect and investigate during work hours as well as off work hours in order to ensure that regulations are followed at all times.
Answer:
b. word of mouth
Explanation:
Word of mouth -
It refers to method of spreading any information orally from one person to another , is referred to as word of mouth .
The method is very efficient and accurate for the company , as it increases the marketing of the goods and services without the use of any efforts from the company .
As people tries to inform people in the neighbourhood and relatives about any good product and influences the other person to buy the same .
Hence , from the given scenario of the question ,
The correct option is b. word of mouth .
