Answer: The correct answer is "the informal rules of the game".
Explanation: The given scenario illustrates <u>the informal rules of the game.</u>
<u>Because despite not being an official standard, it is an informal rule that the company tends to follow because it gives good results, and is backed by the organizational culture of the company.</u>
As charging technology currently has a huge influence on how effortlessly and conveniently drivers can charge their electric vehicles as part of their daily routine, Continental is presenting global innovations for this area of electromobility for the first time.
Answer:
Asset exchange transaction
Explanation:
Prepaid rent is an asset exchange transaction because cash (asset) is credited while prepaid rent (also an asset) is debited.
Rent paid in advance is recorded as follows:
Dr Prepaid rent
Cr Cash
As the months go by, the prepaid rent is credited and rent expenses is debited.
Dr Rent expense month 1
Cr Prepaid rent month 1
Answer:
$3,484.85
Explanation:
Calculation to determine tax-equivalent value
Using this formula
Tax-equivalent value=Nont-taxable amount/(1-Tax rate)
Let plug in the formula
Tax-equivalent value=$2,300/(1-.34)
Tax-equivalent value=$2,300/.66
Tax-equivalent value=$3,484.85
Therefore A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent value of:$3,484.85
