Answer:
The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.
Explanation:
- Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000
- Income tax expense for 2019 = 180.000-28.000=152.000
Answer:
Private security guards provide security for people and facilities. They typically deal with issues related to trespassing, burglary, theft, or threats to their clients.
Explanation:
Answer:
True
Explanation:
Financial statements are documents that reports and shows the financial standing of an organization . Financial statements are prepared by an organization to show the performance of the company been for a calculated any financially.
A Financial statement usually contains balance sheets, income statements, statements of cash flow, which are types of pilot
Financial statements communicates account information to interested parties as it help the involved parties to either invest more or not.
Cheers.
I believe it is a term used to describe the net capital<span> accumulation during a period for a particular country, and it refers to </span>capital <span>stock, such as equipment, tools, transportation assets and electricity.
I hope this helped</span>
Answer:
C. debit Salary Expense, $8000; credit Salaries Payable, $8000
Explanation:
When Salaries are payable or accrued, the following journal entry is passed:
Salaries Expense A/C Dr.
To Salaries Payable A/C
(Being salaries payable recorded)
The effect of the above transaction being, salary expense being debited and salaries payable or outstanding liability being created.
On the date of payment, the journal entry would be:
Salaries Payable A/C Dr.
To Cash A/C
(Being salaries paid in cash recorded)
In the given case, 2 days salaries i.e $8000 have accrued. The entry to be passed on Tuesday would be as under:
Salaries Expense A/C Dr. $8000
To Salaries Payable A/C $8000
(Being salaries payable recorded)