Answer:
d. account This answer is correct
Explanation:
There are various types of accounts that are reported in the financial statements. The financial statement comprises of the income statement, balance sheet, statement of stockholder equity and the cash flow statement.
The recording of the increase in the specific asset, liability, revenue, expense, etc is called as an account
Just in net income, the revenue and expense account is reported. The asset, liability, stockholder equity which is reported in the balance sheet. The change in the values of the item is reported in the respective amount
Answer:
The correct answer is $2,500,000,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
Operating capacity = 80%
Sales = $2 billion
Fixed assets = $600,000,000
So, we can calculate the level of sales by using following formula:
Level of sales = Sales ÷ operating capacity
= $2,000,000,000 ÷ 80%
= $2,500,000,000
So many! Failing is the main one and losing everything
Answer:
Tax Savings = 200
Explanation:
If Ward and June carry the bond, tax would be:
⇒ Interests * tax rate
⇒ 1000 * 32% = 320
They gift bond to their son, Wally, whose tax would be:
⇒ Interests * tax rate
⇒ 1000 * 12% = 120
The tax savings related to the transfer of Bond is:
⇒ 320 - 120 = 200
