The reason why galaxies would collide is due to the fact that the constant outward force does not dilute.
<h3>The dark energy</h3>
This is the energy that is said to be responsible for the movement apart. Before the universe started moving apart, those galaxies that used to be pulled together may still have a chance at collision.
The passage says that dark energy dominates due to the fact that as the universe increases, matter and energy are also said to dilute.
Read more on the galaxy here:
brainly.com/question/13956361
Answer:
Food Suppliers journal entry to record the collection on the maturity date is,
Debit Cash $7,105;
Credit Interest Revenue $105; Credit Notes Receivable $7,000
Explanation:
The journal entry to record the collection at the maturity date would be,
Account Title Debit Credit
Cash $7,105
Interest Revenue $105
Notes Receivable $7,000
Interest revenue would be calculated as,
7000 * 6% = $420 would be the interest in one year on the note. Since it is a 90-day note,
420 / 4 = $105
On the maturity date, Food supplier will record the collection of cash which is the amount of interest + the worth of merchandise bought. (105+7000) = $7105
Answer:
Income tax payable 2018 = $43 x 40% = $17.2 million
deferred tax liability = temporary difference x change in income taxes = $33 million x (40% - 30%) = $3.3 million
income tax expense = income tax payable - deferred tax liability = $17.2 million - $3.3 million = $13.9 million
a. Determine the effect of the change and prepare the appropriate journal entry to record Bronson's income tax expense in 2016.
- Dr Income tax expense 13,900,000
- Dr Deferred tax liability 3,300,000
- Cr Income tax payable 17,200,000
b. What adjustment, if any, is needed to revise retained earnings as a result of the change?
- Deferred tax assets and liabilities affect the current retained earnings, but no adjusting entry is needed.
- Deferred tax assets and liabilities result in differences between US GAAP rules and the rules that the accounting rules used by the IRS (e.g. expensing asset purchases). Generally the greatest effects of deferred tax assets and liabilities are seen in the cash flow statements, not retained earnings.
"A high-risk loan is a financing or credit product that is considered more likely to default, compared to other, more conventional loans."
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Answer:
c.undergo the process of planning and operating a business venture
Explanation:
The definition of an entrepreneur is someone who seeks a market opportunity, and once it is found, starts a business with the goal of exploiting that market opportunity, investing capital and labor and incurring in financial risks, with the goal of obtaining a profit.
In other words, a true entrepreneur has to plan the way the business will be set up, including planning for capital, labor, and land costs. After the business is started, a true entrepreneur becomes the primary manager, which means that the operation of the business falls under his responsability.