Answer:
$3,544
Explanation:
The maximum immediate expenses amount of $5000 phases out for dollar if more than $50,000 of start-up cost are incurred. Thus, the immediate expensing is $3,000
($5000 - ($52,000 - $50,000))
∴ ($5000 - ($2000) = $3000
The amortization is $544
($49,000/180) × 2 months
= $544
The total amount she may deduct = $3000 + $544 = $3544.
When preparing the statement of owner's equity, the beginning capital balance can always be found in the general ledger.
- A general ledger is a book keeping ledger which shows the set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports.
- Each account is a unique record summarizing a specific type of asset, liability, equity, revenue or expense.
- The general ledger consists of all the individual accounts needed to record the assets, liabilities, equity, revenue, expense, gain, and loss transactions of a business. In most cases, detailed transactions are recorded directly in these general ledger accounts.
- It helps you look at the bigger picture. Accounts including assets (fixed and current), liabilities, revenues, expenses, gains, and losses.
Thus the correct answer is option D.
To learn more about general ledger, refer: brainly.com/question/1436327
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The average rate of an RN’s hourly wage is about a$32.66 an hour. This depends on where you work also.
Answer:
The answer to this question is c. Kathy has to pay based on a quasi contract.
Explanation:
Based on the scenario displayed above Kathy has to pay based on a quasi contract.
A Quasi contract is a contract that is created by a court order, not by an agreement made by the parties to the contract. For example, quasi contracts are created by the court when no official agreement exists between the parties, in disputes over payments for goods or services
In this case there has not been an official agreement between Kathy and the hospital, However she has to pay the bill presented to her based on Quasi contract which is created to prevent an individual to be unjustly enriched or from benefiting from the situation when he/she does not deserve to do so.
Hence the answer is c. Kathy has to pay based on a quasi contract.