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VMariaS [17]
3 years ago
12

According to the tutorial, which is the most significant tax local governments rely on to generate revenue?

Business
1 answer:
kirill115 [55]3 years ago
8 0
I believe it is B property tax
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Below are the account balances for Cowboy Law Firm at the end of December.
drek231 [11]

Answer:

<u>Cowboy Law Firm</u>

<u>Income statement for the year ended December.</u>

                                            $

Service revenue              8,900

Less Expenses :

Salaries expense           (2,000)

Utilities expense              (1,100)

Net Income / (Loss)         5,800

Explanation:

Income statements shows Revenues earned and Expenses incurred at the end of the trading period.

6 0
3 years ago
Using the SMART goal-writing criteria, what refers to asking how to achieve the goal?
Deffense [45]

In SMART goal-writing criteria, the one that refers to being able to complete a goal is: Attainable

In determining a goal, we need to make sore that the Goal is possible based on our current ability, otherwise we just make ourselves and other people that we lead to a massive failure that could destroy our Morale as a team

3 0
3 years ago
Read 2 more answers
Here are incomplete financial statements for BLOSSOM, Inc. Calculate the missing amounts
Otrada [13]

Answer:

(A) net income: 20,000

(B) COGS = 55,000

(C) Common Stock = 30,000

Explanation:

(A) with the RE statemtn we sovle for RE

net income = ending RE - beginning RE + dividends

net income = 27,000 - 12,000 + 5,000 = 20,000

(B) With the net income we solve for COGS

COGS= revenues - net income - salaries and wages

COGS = 85,000 - 20,000 - 10,000 = 55,000

(C) now we solve for common stock

liab + equity = total liab and stockholders equity

account payable + common stock + RE = total liab and stockholders equity

5,000 + CS + 27,000 = 62,000

CS = 62,000 - 27,000 - 5,000 = 30,000

5 0
3 years ago
Clicking the Format Painter once will allow you to apply the copied formatting repeatedly.
kicyunya [14]
The second answer is correct hope that helps
7 0
3 years ago
I wanna know about debit and credit full explanation ​
BigorU [14]

Answer:

Explanation:

A debit is an entry made in an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts.

A credit is an entry  alsom made in an account. It either increases equity, liability, or revenue accounts or decreases an asset or expense account.

7 0
3 years ago
Read 2 more answers
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