Answer:
A. $0
Explanation:
The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.
Answer:
for me it is d and i got it correct
Explanation:
Answer:
b) $1,900
Explanation:
The computation of the total liabilities is shown below:
= Accounts Payable + Deferred revenue
= $700 + $1,200
= $1,900
The other items are related to the expenses which are shown in the income statement and current assets which are shown on the balance sheet
Therefore, only two items are shown in the total liabilities.
Answer:
A. True
Explanation:
In the starting of the twentieth century, the only stock in which an individual invest is the stocks and the bonds but today there is a lot of different type of investment choices who provides the better return. Accprding to the demand of the investor there are various options available for invest
Hence, the given statement is true
<span>it is true that under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless. </span>
