Answer:
Consider the following calculations
Explanation:
EBIT - Interest + Dividend Income ( 1 - 0.7) = EBT
$ 14.000.000 - $ 1.750.000 + $ 1.000.000 * 0.3 = $ 12.550.000
Base taxes for $ 10000000 = $ 3400000
( $ 12550000 - $ 10000000 ) *0.35 = $ 892500
$ 3400000 + $ 892500 = $ 4292500 in total taxes due
Answer: Consumer
Explanation:
If you are asking about what the economic term for any person who uses goods or services is, it is already included in your statement.
The person is a consumer as a consumer is the economic term for an entity that acquires goods and services whether freely or otherwise to use them for something be it personal or business in nature.
ENG-114-02E-2022SP-Prof Research & Reporting involves teaching professional communication skills.
<h3>What is Communication?</h3>
This is the act of exchanging information through different types of medium such as writing etc.
The course above is taught with the use of articles reviewed by peers for as better understanding of how to communicate better in this type of scholarly environment.
Read more about Communication here brainly.com/question/26152499
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Answer:
B. only the traditional format of the income statement.
Explanation:
There is only one format under US GAAP, that is the traditional format, the variable costing format or the contribution margin format are all concepts of cost accounting, and not of accounting.
As per US GAAP the books are prepared in traditional format income statement. No other format is followed for reporting and presenting the financial statements of the company.
Therefore, correct option is:
Option B
Answer:
The answer is: A : It will increase income in the period it is collected.
Explanation:
Under the allowance method, the company estimates bad debt expenses. So any bad debt written off will affect only the balance sheet by:
- Dr Allowance for doubtful accounts
- Cr Accounts receivable
If unexpectedly your client decides to pay their debt, this should be recorded as:
- Dr Accounts receivable
- Cr Allowance for doubtful accounts
and then the payment should be recorded increasing the income for the current period:
- Dr Cash
- Cr Accounts receivable
