What kinds of valuable activities does one engage in when creating or examining works of art?

Scott Corp. received cash of $20,000 that was included in revenues in its Year 1 financial statements, of which $12,000 will not

Oliga [24]

Answer:

3,000

Explanation:

As the income will be taxed at 25% the income tax liability will be for that amount

12,000 x 25% = 3,000

The tax deferred liability is generated from a temporary difference. The company is paying less income tax today but will pay more in the future. Hence there is a liability.

The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.

6 0

3 years ago

Crosby contracts with Subban whereby Crosby agrees to sweep Subban retail shop at the end of each work day. Before the first pay

Alchen [17]

Crosby signs a contract with Subban and agrees to meet at Subban's business at the conclusion of each work day, before the first payment is due, and then files a lawsuit against Subban, claiming that the license is unenforceable because the license's objective is to protect the public.

<h3>What is contract?</h3>

A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.

Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.

All retail floor sweepers in Florida are required to be certified and pay annual dues.

As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.

Therefore, the contract is unenforceable.

Learn more about the contract, refer to:

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4 0

2 years ago

On May 3, 2020, Cheyenne Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers

Viktor [21]

Answer and Explanation:

The computation is shown below;

a.

Inventory Unsold in Hand (90-45) 45

Unit cost Unsold (45 × 480) $21,600.00

Shipping cost on Unit Unsold (850 ÷ 90 × 45) $425.00

Value of Inventory (21600 + 425) $22,025.00

b.

Sale value (45 × 780) $35,100.00

Less: Cost

Unit cost Sold (21600+425) -$22,025.00

Comission of Consignee (35,100 × 6%) -$2,106.00

Advertising cost -$210.00

Installation cost -$330.00

Net Profit $10,429.00

c.

Sale value (45 × 780) $35,100.00

Less: deduction made by consignee

Comission of Consignee (35100 × 6%) -$2,106.00

Advertising cost -$210.00

Installation cost -$330.00

Net Remittance made by consignee $32,454.00

5 0

3 years ago

In the space below, please tell us more about yourself. We are interested in hearing about your professional strengths, greatest

Sedaia [141]

Answer:

You introduce the following below:

1. Name

2. Your Educational Achievements

3. Your professional achievements related to the work.

4. Your marriage status.

5. Your hobbies.

Explanation:

Note,

You will have to make all this very brief, because your interviewer has your resume and he/she will access you based on it.

6 0

3 years ago

Worker productivity is one of the most important factors that help determine the performance of an economy. Which definition bes

Papessa [141]

Productivity of a worker is measured by how much is produced at a given time.

<h3>What is worker productivity?</h3>

It measures the amount of output produced at a given work interval.

The quantity of goods and services produced per a given time measures a worker productivity.

Therefore, productivity of a worker is measured by how much is produced at a given time.

Learn more on productivity here,

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7 0

2 years ago