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Vsevolod [243]
3 years ago
7

Under the percentage of completion method, if the actual costs are ____ the estimated costs, the taxpayer must pay interest on t

he underpayment of prior years’ taxes.
Business
1 answer:
Sphinxa [80]3 years ago
8 0

Answer:

The correct answer is Less than the estimated costs.

Explanation:

The percentage method completed is an accounting practice used to recognize income in long-term contracts.

When long-term projects (greater than one year) are undertaken, the costs and revenues associated with it are incurred throughout its life.

This accounting method, as its name suggests, allows the company to account for part of the associated income and expenses incurred as the project phases are completed. Thus, the percentage complete method is understood as a method of recognition of recognition of income and expenses that is applied continuously without having to defer income and expenses at the end of the project.

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Rs.4000 becomes Rs.8000 in 10 years .What is the rate of interest ?​
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Answer:

7.2%

Explanation:

\sqrt[10]{2}  = 1.072

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3 years ago
"Consumer sovereignty" means that Group of answer choices1. buyers can dictate the prices at which goods and services will be of
nalin [4]

Answer:

2. advertising is ineffective because consumers already know what they want.

Explanation:

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When Amy states, "We feel that better aligning our talent strategy with our business strategy is going to be critical for our su
LUCKY_DIMON [66]

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planning

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4 0
3 years ago
A magazine publisher collects one year in advance for subscription revenue. In the year of providing the magazines to customers,
photoshop1234 [79]

Answer:

The correct answer is letter "B": A decrease in a deferred tax asset.

Explanation:

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The deferred tax asset will be generated when recorded income taxes owed are higher than the income taxes paid to the Government.

Thus, <em>a decrease in deferred tax is recorded when a company has collected revenue in advance for a good not delivered or a service not rendered yet.</em>

5 0
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Which dimension of e-commerce technology describes the fact that the internet is available at work, at home, and elsewhere via d
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Technology is the way scientific knowledge is applied to practical purposes. It includes not only machines (such as computers), but also technologies and processes (such as how computer chips are made). All technology may seem electronic only, but that's just the latest technology.

Learn more about technology here:brainly.com/question/25110079
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5 0
1 year ago
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