<span>General Accounting Office (GAO) </span>
Based on the given scenario above regarding Wang's Techno toys which was successfully run by Ann Wang, the method of import or export financing that the Techno Toys' bank used if it functions as an intermediary without considering any financial risk is called the DOCUMENTARY COLLECTION.
Answer:
Net Capital Spending = $121
Explanation:
The Net Capital Spending is the amount of money a company spends in the acquisition of fixed assets during the year. Mathematically, it is represented as:
Net Capital Spending = Ending net fixed asset - Beginning net fixed asset + depreciation
Net Capital Spending = 550 - 471 + 42 = $121
∴ Net Capital Spending = $121
Answer:
total amount of expenses = $801
so correct option is e. $801
Explanation:
given data
gift to client = $40
wrap the gift = $6
calendar cost = $1
calendar = 400
watch = $370
solution
we get here Calendar cost that is
Calendar cost = 400 × $1
Calendar cost = $400
and
we know that deduction limit of gift that is given t the another person is = $25
so here total amount of expenses
total amount of expenses = $25 + $6 + $370 + $400
total amount of expenses = $801
and it may be deducted
