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inysia [295]
3 years ago
6

Why are dividends from a mutual insurer not subject to taxation

Business
1 answer:
sergij07 [2.7K]3 years ago
7 0
Because dividends are considered to be a return of premium I hope this helps ya out
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the journal entry to record the issuance of a note for the purpose of converting an existing account payable would be
Svetllana [295]

Answer: The journal entry a company uses to record the issuance of a note for the purpose of converting an existing account payable would be debit Accounts Payable; credit Notes Payable.

Explanation:

7 0
2 years ago
Pierce wishes to purchase a municipal bond with a par value of $500 from Chattahoochee County, and he is trying to decide which
Mrrafil [7]

He should take the option one of sales commission of 3.1% on each bond. If he takes the 2nd option, he is required to pay 24$ per bond. But if he takes the ist option, he is required to pay 15.5$ per bond. 88.754 is the market rate. Total investment is of 500$. Multiply the commission rate with the amount and you get 15.5 $. There is a difference of 8.5 dollars between the two options.

6 0
3 years ago
Read 2 more answers
which of the following entries records the adjustment for revenue earned, but not yet collected? multiple choice debit accounts
Yanka [14]

various options Debit receivables from customers, credit sales. Accounts Receivable is debited and Sales Revenue is credited. Sales revenue is debited and deferred revenue is credit. Debit receivables and credit deferred revenue are the two balances.

<h3> What are debit and credit?</h3>

An accounting entry that decreases an asset or cost account is known as a debit. or reduces an equity or liability account. In an accounting entry, it is placed on the left. An accounting item known as a credit raises a liability or equity account's balance. or lowers an account for an asset or expense.

The money that is placed into your checking account is a credit to the bank even if it is a debit to you (an increase in your asset) because it is not their money. It is your money, and the bank owes it to you, so it is a liability on their books. A credit is an increase in a liability account.

Explain debit and credit with an example:

Debit what comes in, credit what leaves, first. Second, credit all gains and revenue while debiting all expenses. Thirdly, debit the sender and credit the recipient.

<h3>Can you credit revenue and debit accounts receivable?</h3>

An accounts receivable transaction in journal entry form debits accounts receivable and credits a revenue account. Credit accounts receivable (to eliminate the receivable) and debit cash (to show that you have been paid) when your customer pays their invoice.

Debit or Credit Account: As a business owner, your equity grows as a result of your revenue. Revenues must be reported as credits rather than debits because your equity typically has a credit balance.

Revenue from sales is it an accounts receivable?

When a business sells anything, it reports the revenue from the transaction on its income statement. They list the amount owed as accounts receivable on their balance sheet if the consumer hasn't yet paid them for the purchase. The amount indicated on the income statement is offset by accounts receivable.

To know more about Debit or Credit , visit:

brainly.com/question/12269231

#SPJ4

7 0
1 year ago
_____ is the process of having managers and employees perform new behaviors that are central to and symbolic of the new organiza
Burka [1]

Answer:

behavioral addition

Explanation:

The term that is being described within the question is known as behavioral addition. As described, this is the process in which the company wants all personnel to perform new behaviors so that the new organizational culture cements itself. This is done mainly when a company wants to steer itself towards a new goal and these behaviors will create the right mindset for all employees and managers.

5 0
3 years ago
Vertical analysis can best be described as a technique for analyzing the percentage change in individual financial statement lin
Hoochie [10]

Answer:

False

Explanation:

Vertical analysis can be regarded as accounting tool which gives room for

proportional analysis of some documents. This document is usually

financial statements.In carrying out vertical analysis, all the item line that is on the financial statement is been recorded as percentage of another item. Instance of this is an income statement.

7 0
3 years ago
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