Answer:
The $300 of out of pocket expense exceeds the MSRB political contribution limit and will result in the municipal securities firm being banned as an underwriter for that issuer for 2 years.
Explanation:
The municipal securities firm is is underwriter for municipal issuer. The volunteers have paid $300 out of pocket but they are not entitled to make contribution to the campaign. This will result the firm being banned for two years as an underwriter for the issuer.
Why it is beneficial to file your federal and state taxes through the same e-filing service is: It help to reduces the paper used to file tax returns.
<h3>What is e-filing?</h3>
e-filing can be defined as the porcess of filling your tax returns electronically.
e-filing is important as it enables tax payer to easily file their federal and state returns at the same time.
This help to reduces the paper used to file tax returns and it as well help to prevent lost or delayed of tax returns.
Inconclusion e-filing It help to reduces the paper used to file tax returns.
Learn more about e-filing here:brainly.com/question/25783927
Answer:
b The accrual basis records revenues when services or products are delivered and records expenses when incurred; AND -
d. The cash bases records revenues when cash is received and records expenses when cash is paid
Explanation:
Accrual basis of accounting states that transactions are recorded based on when they are entered into, irrespective of the cash exchange done or not. Revenues are recognised when buyer's liability to pay has been established, expenses are recorded when our liability to pay has been established. Debtors & Creditors, outstanding & prepaid expenses, accrued & prepaid income are all implications of this basis.
Cash basis of Accounting states that transactions are recorded based on when cash exchange has occurred. 'Liability to pay' or 'obligation to receive' have no relevance in this, it is only evaluated on the basis of cash transactions. 4 implications given in accrual basis are also inapplicable here.
Accrual basis is the more generally accepted one than cash basis, as it gives a true picture of enterprise performance in an accounting period.
Are there any answer choices?
Answer:
businesses are required to follow laws and regulations, but they choose to follow ethical standards in a code of ethics