Answer:
Accrual shows face amount as revenue
revenue = $25,000
(12,000) (7/36)= $2,333 (regognized in 2017)
Total income reported in 2017 = $27,333
The next year she would show the remainder of 12,000 from 26 month contract
For tax purposes, max of 2 year deferral for payment recieved in advance.
Answer:
Real interest rate= 0.0497= 4.97%
Explanation:
Giving the following information:
A bond that pays interest annually yielded 7.37 percent last year. The inflation rate for the same period was 2.4 percent.
<u>The effect of the inflation rate is counterproductive to the interest rate. It diminishes purchasing power.</u>
Real interest rate= nominal interest rate - inflation rate
Real interest rate= 0.0737 - 0.024
Real interest rate= 0.0497= 4.97%
Answer:
Analyze fraternal polyandry in Himalayan south-central Asia with respect to material conditions.
Since the population of the region is high and there is no farmable land therefore they want to keep it as one unit and practice fraternal polyandry in a way that a woman will be married to many brothers and therefore they wont have to fragment the land. They have to keep the population of their family low and this system works for them.
What specific problems are posed by what specific material conditions, and how are they solved?
Major condition of material is land and they dont want to split it between the brothers. If they all will have a separate wife, there are chances of fighting and asking for their fragment of the land. Therefore fraternal polyandry works for them
Is this a simple causal relationship?
No it is not. It is more like of an organization / corporation relationship where land must be retained as a collective unit.
Answer:
not be liable for the corporation's debts.
Explanation:
A C-corporation is a legal entity that limits the lability of its owners and if the business fails, the shareholders are not personally liable for the debts the corporation has and the creditors can only take the assets of the organization.
Answer:
Performing Forensic accounting, a compliance audit, operational audit, a financial statement audit etc.
Explanation:
The other types of auditing career available to those who are qualified are performing forensic accounting, operational audit, a financial statement audit, risk assessment service, a compliance auditing etc.
Operational audit. Here, an auditor examines an organization's operation processes, with a view to providing improvement in its operations in terms of efficiency and effectiveness.
Forensic accounting . This type of auditing involves an auditor, using his or her investigative skills, auditing skill to unravel or investigate transactions that are suspicious mostly as a result of dispute or litigation.
Compliance audit. In this type of audit practise, an auditor ensures that various he reviews various regulatory policies, whether they are complied with by his or her organization.
Financial statement audit. Here, an external auditor examines the financial statement of a company together with its notes by attesting to whether the statements are fairly prepared .
