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meriva
3 years ago
14

When you visit a possible site for a convention, it's called a

Business
1 answer:
sergejj [24]3 years ago
4 0
The answer would be C. Because Site inspections or site visits refer to a visit to possible location for conventions or events that are held in a particular corporation, office, or group.
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Patrick, an attorney, is the sole shareholder of Gander Corporation, a C corporation. Gander is a personal service corporation w
Step2247 [10]

Answer:

Therefore, the Salary that Gander Corporation Pay Patrick during the Period without Negative Tax effects is $15,000.

Explanation:

Calculation of the Salary that Gander Corporation Pay Patrick during the Period:

December 1 through December 31 of the Current Year is One Month, They have to Pay 1/12 of the following year tax:

The salary for the deferral period (December 1 through December 31) must be at least proportionate to the employee’s salary received for the fiscal year.

Gander Corporation must pay the amount to Patrick during the Period December 1 through December 31, to permit the continued use of its fiscal year without negative tax effects is as follows,

$180,000 *1/12 = $15,000

4 0
3 years ago
The cost of producing a good and getting it to the customers is called the _____ . penalty cost
Free_Kalibri [48]
I believe the answer is accounting cost. good luck
5 0
2 years ago
Read 2 more answers
Can you operate a lift if its raining inside the vechile
Ilya [14]
I believe you will get electcuted
8 0
3 years ago
What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance acc
inessss [21]

Explanation:

The adjusting entry is as follows

On December 31

Insurance expense A/c Dr $5,150

               To Prepaid insurance A/c $5,150

(Being the insurance expense is recorded)

It is computed below:

= Balance in prepaid insurance account - unexpired amount

= $9,050 - $3,900

= $5,150

While passing the adjusting entry we debited the insurance expense account and credited the prepaid insurance account

7 0
2 years ago
The bookkeeper for Mustang Company forgot to make the end-of-the-period adjustment for the interest expense that had accrued dur
yawa3891 [41]

Answer:

C Liabilities are understated, and net income is overstated.

Explanation:

To accrue for interest expense, the required entries are;

Debit Interest expense (p/l)

Credit Accrued Interest (B/s)

Being entries to recognize accrued interest expense.

If this is not posted, liabilities and expenses for the period would be understated. As such, net income would be overstated.

Hence the right answer is C Liabilities are understated, and net income is overstated.

4 0
2 years ago
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