Answer:
D. Flow-through tax entity.
Explanation:
An organization that does not pay income tax on its profits but passes them through to its owners who pay the tax at their individual rates is called a flow-through tax entity.
Answer:
Finance lease
Explanation:
Finance lease -
The lease where the finance company is the legal owner of the asset during the time period of the lease , where as , the lessee has a operating control on the assets and also , have share for any economic risks .
Hence ,
From the question , since , Alyssa need to have a large tent , but due to lack of money , she took the tent on lease from the Ajax supplies .
Hence , the correct term for the given statement is Finance lease .
Answer: c. managers
Explanation:
The Sarbanes-Oxley Act of 2002 was passed into law after several accounting frauds rocked the nation in the early 2000's which included the Enron and the WorldCom sagas. These companies had engaged in fraudulent accounting recording practices that deceived investors and ultimately caused massive harm when they were discovered.
As a result, the aforementioned act was passed. One of it's key points is that Management will now be responsible for the accuracy of a firm's financial statements. This logic here is that they will scrutinize the statements more and ensure the accuracy of statements before they are released.
That has share holders and a board of directors.
Answer:
Debit WIP $57,000
Debit MOH $8,000
Credit raw materials $65,000
Explanation:
With regards to the above,
Indirect material used = $8,000 will be debited to manufacturing overhead [MOH]
Direct materials used =$65,000 - $8,000 = $57,000 hence will be debited to work in process account [WIP]
Raw materials will be credited by $65,000
The correct answer would therefore be;
Dr WIP $57,000
Dr MOH $8,000
Cr raw materials $65,000