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Anni [7]
3 years ago
9

This year henry realized a gain on the sale of an antique car that he inherited from his uncle. the buyer has promised to pay he

nry in installment payments over the next few years. identify the principle that will determine when henry should be taxed on the gain from the sale: assignment of income. constructive receipt. return of capital principle. wherewithal to pay. all of the choices are correct.
Business
1 answer:
Kruka [31]3 years ago
4 0
The answer to this question is <span>Wherewithal to pay
In the wherewithal to pay concept,  the</span><span> Income will be recognized in the period in which the company has the means to </span>pay<span> the tax on the income. Often times, company make their report to show a loss on purpose in order to postpone the tax payments</span>
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Disadvantages of company borrow to much money from the bank
Kruka [31]
You have to pay back interest, and the later you pay, the more you owe!<span />
5 0
3 years ago
Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $188 in cash along with recei
Simora [160]

Answer:

September 9, petty cash fund is established

Dr Petty cash 440

    Cr Cash 440

September 30, petty cash fund expenses

Dr Merchandise inventory 44

Dr Postage expenses 54

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Dr Cash short and over 10

    Cr Petty cash 252

September 30, petty cash fund reimbursement

Dr Petty cash 252

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October 1, petty cash fund increased to $485

Dr Petty cash 45

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6 0
3 years ago
Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the
Andreas93 [3]

Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the customer.

The four perspectives of the Balanced Scorecard are Learning and Growth, Business Process, Customer Perspective, and Financial. These four areas, also called legs, form the company's vision and strategy.

A strategy-based performance management system that typically identifies goals and actions from four different perspectives: financial perspective, customer perspective, process perspective, and learning and financial perspective.

The Balanced Scorecard helps you strategically manage your organization. The Balanced Scorecard is based on four perspectives including financial, business process, customer, and organizational capabilities. This allows companies to discover their shortcomings and develop strategies to overcome them.

Learn more about financial perspective at

brainly.com/question/14901320

#SPJ4

5 0
2 years ago
Mountain View Corporation is a non-investment company that wants to is­sue stock of $3 million in a twelve-month period. Mountai
butalik [34]

Answer:

Offering circular

Explanation:

An offering circular is a formal written offer to sell securities that sets forth the fact for a business enterprise that a prospective investor needs to make an informed investment decision. It usually contain financial information, a description of the security being offered, risk factors, uses of offering proceeds, business and organization of the company and other pertinent information.

8 0
3 years ago
Which of the following groups decides who sits on the board of directors of a corporation?
Darina [25.2K]
D. the shareholders decide who sits on the board of directors
3 0
3 years ago
Read 2 more answers
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