<span>This particular style of management would be Autocratic in nature. In this management style, the style of the manager and his or her opinion is the one revered, and the only one that is honored. It does't matter how talented the subordinates are, they will do that manager's will, or face consequences. High turnover of good talent is high in this type of management style.</span>
Answer:
Explanation:
The adjusting entries are shown below:
1. Cash A/c Dr $66,000,000
To Short term notes payable A/c $66,000,000
(Being issue of short term note payable is recorded)
2. Interest expense A/c Dr $1,320,000
To Interest payable A/c $1,320,000
(Being interest is recorded)
The interest amount is computed below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $66,000,000 × 8% × ( 3 months ÷ 12 months)
= $1,320,000
The 3 months is calculated from October 1 to December 31
The reason this credit is not allowed is because: A. If the other state allows California residents a credit for net income taxes paid to California
The types of tax.
In Economics, there are different types of tax and these include the following:
- Gift tax
- Excise tax
- Alcohol tax
- Income tax
- Estate tax
- Employment tax
- Net income tax
<h3>What is net income tax?</h3>
Net income tax can be defined as a type of tax which grants either deductions or exemptions from an employee's gross income. Additionally, a net income tax is a system of taxation which is designed and developed to assess taxes on the basis of gross income, gross dividends or gross receipts.
In conclusion, it is a fact that any form of deductions or exemptions that doesn't qualify for a credit is not considered as a net income tax in California and every other part of the world.
Read more on income taxes here: brainly.com/question/27008617
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Complete Question:
California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons?
A. If the other state allows California residents a credit for net income taxes paid to California
B. If the income taxed by the other state has a source within the other state under California law
C. If such states do not allow their residents a credit for net income taxes paid to California
D. The amount of the credit is greater than the same proportion of the total California tax as the income taxed by both states bears to the total income taxed by California
Woodrow Wilson was really one of the first major economically liberal presidents in the sense that he was proactive in fighting trusts, inflation, and corruption in big business.
