Answer: the correct answer is B. Tax depreciation for the period exceeds book depreciation.
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.
Explanation:
The best answer is D. The sector that will have a very limited influence in a pure market economy is the government. A pure market economy is an economic system that solely relies on the markets to distribute the resources. A theoretical pure market economy has no involvement of the government, only the markets decides on everything.
Can you yell at your kids infront of other people. The answer is yes :)
Answer:
Given that,
sold a paging system = $4,500
Sold extended warranty = $1,400
The journal entry to record this transaction would include:
(i) cash account Dr. $4,500
To Sales A/c $4,500
(To record the sales)
(ii) Cash A/c Dr. $1,400
To Unearned revenue A/c $1,400
(To record the service revenue)
