<span>Objective, Introduction, Instruction, Practice, and Conclusion</span>
As not everybody can afford designer items, those who can, typically buy such items to increase their self-esteem, and/or view it as an accomplishment. Also, many will do so in a way to view themselves in a higher class than others.
Answer:$9,000
Explanation:
The tax credit offered to adoptive parents to encourage adoption is reffered to as ADOPTION TAX CREDIT. The adoption tax credit is a nonrefundable tax credit. This means that people owing taxes are also fit or qualified to apply for the adoption tax credit.
In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.
It can be calculated by subtracting
the max's employer provided for the couple with adoption benefits of $4,000 from the incurred expenses of a total of $13,000 in qualified adoption expenses(from the question).
That is; $13,000-$4,000.
= $9,000.
Hence, the maximum amount of adoption credit they can take this year is $9,000.
Answer:
Financial picture
Explanation:
The phrases is suitable because An income statement will give a general picture for stakeholders regarding the company's financial condition in the past year.
it consist of several important financial information that might influence investors to either put their money into the businesses or simply abandoned it. Such as how much income that the company able to generate, the amount of expenses that the company have to pay for the operation, how much of the income is liquid, etc.
Answer:
1. What explains the changes in the cash account?
2. Where does a company spends its cash?
4. How does a company receives its cash?
Explanation:
The Cashflow statement deals with the cash transactions of the company with a view to know how actual cash moves through the company. As a result, it can answer questions related to the cash transactions of the company.
This includes:
- Why there were changes in the cash account because it shows what activities brought in cash and which took cash.
- Where the company spends its cash because those entries will be shown.
- Where the company gets its cash as well.
