Answer:
The answer is: 3) Due to Other Governments for $900,000.
Explanation:
The full record should be:
- Dr Taxes Receivable for Other Governments 900,000
- Cr Due to Other Governments 900,000
The total amount of the tax levy, and not just the expected amount to be collected, should be recorded as a receivable. The county collector is responsible for collecting (or attempting to collect) all taxes as billed.
Answer:
personal finance and Financial literacy gives an advantage to exploit the financial products available nowadays and to manage the resources of a single person or a family in the best way possible to achieve their goals.
Answer:
$40
Explanation:
Overhead per machine hour = Overhead ÷ 250,000 machine hours
= $750,000 ÷ 250,000
= $3
Cost of each unit:
= Direct material + Direct labor + Overhead
= $14 + $20 + (machine hours per unit × Overhead per machine hour)
= $14 + $20 + (2 × $3)
= $40
Therefore, the cost of each unit produced is $40.
It is completely inappropriate to suggest that the securities and exchange commission supported the practice of insider trading on the stock market. Therefore, the statement given above is false.
<h3>What is the significance of insider trading?</h3>
Insider trading can be referred to or considered as an unfair trading practice of placing trade on securities of a company due to a possession of an unpublished price sensitive information not accessible to the public.
To protect the interests of general investors in the stock market, the securities, and exchange commission has laid strict regulations and fines as well as imprisonment on the practice of insider trading in the stock market.
Therefore, the statement given above regarding the significance of insider trading is false.
Learn more about insider trading here:
brainly.com/question/5654856
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The question given above is to be assumed as a TRUE or FALSE question. The answer has been given under same assumption.
