Answer:
D. An unclassified balance sheet is one whose items are broadly grouped into assets, liabilities, and equity.
Explanation:
A balance sheet can be defined as a financial statement used in reporting an organization's assets, capital, liabilities, debt and equity at a specific period of time.
An unclassified balance sheet is one whose items are broadly grouped into assets, liabilities, and equity.
This ultimately implies that, an unclassified balance sheet is typically used to report an organization's assets, liabilities and equity without separating or grouping them into specific classes (sub-classification of assets, liabilities or equity). Therefore, the financial items are only listed in an order of liquidity with their total.
An unclassified balance sheet is mainly used by small businesses and for internal reporting of financial items.
The passage of the Piece of legislation helped in: Limitations of government expenditure.
<h3>What is Government Expenditure?</h3>
Government expenditure also known as government spending is the expense of government that covers consumption, their investments including all the transfer and statements.
These expenditure is always captured in the piece of legislations and are always there to guide the government. A number of things must be captured in the legislation and the government expenditure is on of them.
Learn more about Government Expenditure here:
brainly.com/question/3652550
Answer:
ke=0.1922
Explanation:
Where:
We=weight of common equity in the capital structure
ke=cost of equity
Wd=Weight of debt in the capital structure
kd= Cost of debt i.e yield to maturity on the bonds
t= tax rate.
Since WACC is estimated to be 14.8%
=0.192154
Question Completion:
Each year, Tom and Cindy Bates (married filing jointly) report itemized deductions of $20,000 (which includes an annual $4,000 pledge payment to their church). Upon the advice of a friend, they do the following: In early January 2019, they pay their 2018 pledge; during 2019, they pay the 2019 pledge; and in late December 2019, they prepay their 2020 pledge. a. What are the Bateses trying to accomplish? To have their itemized deductions exceed the standard deduction . b. What would the Bates' total itemized deductions be if all three church pledge payments were made in 2019?
Answer:
The Bates' total itemized deductions would be $20,000 if all three church pledge payments were made in 2019 (including $12,000 for the three years in church pledges and another $8,000 for other deductions).
Explanation:
It is assumed that the Bates' Adjusted Gross Income for 2019 is within the range of $100,000 to $200,000, which enables them to make charitable contributions up to $4,155 per annum. Since taxation uses the cash basis, it is possible for the Bates to claim the $12,000 cash in pledges for the current year when payment is made in the year.