Answer:
The answer is attitude
Explanation:
Hope this helps:)...if not then sorry for wasting your time and may God bless you:)
Answer: Unearned subscription revenue.
Explanation:
Tax is made on a cash basis which means that a transaction is eligible for taxation once cash has been paid for it. Businesses however have to use the Accrual basis which only record transactions in the period that they have been incurred.
In this scenario, there is more subscription payment in cash than the company recognized which means that the company has not yet delivered the service they were paid for and so could not recognize the subscriptions. They will however be taxed on those amounts because the cash has come in.
The account giving this temporary difference is therefore the Unearned Subscription Revenue account.
Answer:
$1,000 loss
Explanation:
The numbers are missing here, so I looked for a similar question:
A copy machine cost $5,000 when new and has accumulated depreciation of $4,000.
The carrying value of the copy machine = purchase cost - accumulated depreciation = $5,000 - $4,000 = $1,000
if the copy machine is discarded and doesn't get any money for it, this will result in a loss equal to the carrying value = $1,000
