Answer:
Following are the solution to the given question:
Explanation:
Article 163(a) enables with all interest charged as well as accumulated throughout the obtainable year as rationale. On something like a duty. Not from having to stand, area 163(h)(1) for individuals continues to refuse an inference.
Definitely competent house involvement is not really a person under Segment 163(h)(2)(D). In Section 163(h)(3)(a) characterizes skilled optimism even though paid or charged interest. Recovering for a guaranteeing responsibility or house price responsibility guaranteed by taxable year Each consumer's competent going to dwell.
Even though optimism for both the supply chain responsibility under sentence 163(h)(3), a public servant may deduct (B) Accrued interest on 1,000,000 of the 1200,000 bond that used highlight the entire living in 2009 Agreement. In getting a competent living situation, the 1200,000 responsibility has been obtained Taxpayer as well as living agreements have been secured. In the this way: 1,000,000 is obligatory Obtained under 163(h)(3) as a supply chain obligation (B).
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, the contracts inside the law are regulated by the Anglo-America common law that defines a contract as the agreement between two or more parties in which they establish the basis and principles of the agreement and the clauses that could cause to end the contract. Moreover, a contract is also part of the civil law and therefore that it does not implicate the public as a whole in any way due to the fact that in order to be a correct contract the parties must accept the bond between only them and nobody else.
Answer:
$180 billion
Explanation:
The consumption is an act of spending the money from an income. The marginal propensity to consume is the proportion increase in the amount that a consumer is spending. The savings then decline if the consumption increases. In the given scenario the consumption will not raise even if there is an increase in national income and taxes are kept fixed at previous level. This is because marginal propensity to consume is same.
<span>Simulation is an imitation of a situation or a chance behavior that accurately reflects the situation under consideration. </span>
<span>Steps in conducting a simulation in the correct order (first choice)</span>
• State the problem or question
• State the assumptions,
<span>• Assign digits to represent outcomes,
• Simulate many repetitions
• State your conclusions</span>
Answer:
Notes payable; $10,000
Explanation:
Given that,
Borrowing amount = $10,000
Time period = 60 day
Interest rate = 8%
On the due date of the note, avers co. paid the amount.
Therefore, this entry would be recorded by Avers with a debit to Notes payable with an amount of $10,000.
Interest amount = $10,000 × (60 ÷ 360) × 0.08
= $10,000 × 0.17 × 0.08
= $136
(Note: Assuming 360 days in a year)
Therefore, the Journal entry is as follows:
Notes payable A/c Dr. $10,000
Interest Expense A/c Dr. $136
To cash $10,136
(To record Avers pays the amount due in full)
