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3 years ago

Debts owed by a business are called __________. revenues liabilities equities assets

1 answer:

7 0

It is called liabilities. A liability is an organization's money related obligation or commitments that emerge over the span of its business operations. Liabilities are settled after some time through the exchange of financial advantages including cash, merchandise or administrations. Recorded on the correct side of the monetary record, liabilities incorporate credits, creditor liabilities, contracts, conceded incomes and accumulated costs.

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Determine the total product cost for the year.determine the total cost of the ending inventory. determine the total of cost of g

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The answer is B. It would help if you added more details.

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3 years ago

As Lily files her taxes, she learns that her federal total tax due ends up being $206. According to her Federal income tax withh

adoni [48]

The tax refund that Lily can expect to get back from the tax authorities will be $15.80.

A tax simply means the compulsory levy that's paid by the people and companies to the government.

In this case, the tax refund that Lily can expect back will be:

= 7.65% × $206

= $15.80

In conclusion, the correct option is $15.80.

Learn more about tax on:

brainly.com/question/25783927

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2 years ago

What type of rule defines how much time can pass between an illegal act and when an individual is prosecuted for that act?

Anton [14]

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3 years ago

Can you use a Go Pro at sea world with a chest mount

stira [4]

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4 years ago

The following is the adjusted trial balance of Wilson Trucking Company.

Troyanec [42]

Answer:

PART 1: Wilson Trucking Company reported Net Income of $15,854 for the year ended December 31, 2017.

PART 2: As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

PART 1

Wilson Trucking Company

Income Statement for the year ended December 31, 2017

Revenue

Trucking Fees $115,500

Less Expenses:

Depreciation expense of Trucks $(26,043)

Salaries expense $(54,170)

Office supplies expense $(9,500)

Repairs expense -Trucks $(9,933)

Net Income $15,854

PART 2

Wilson Trucking Company

Statement of changes in Equity for the year ended December 31, 2017

K. Wilson Capital Account Balance as at December 31, 2016 $193,270

Add: Net Income for the year $15,854

Less: K. Wilson withdrawals during the year $(19,000)

K. Wilson Capital Account Balance as at December 31, 2017 $190,124

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3 years ago