The statement is True.
<h3>What does receipt mean?</h3>
- Receipts are formal records that serve as evidence of a transaction or purchase involving money. Both stock market transactions and business-to-business exchanges issue receipts. As evidence of some expenses, receipts are also required for tax purposes.
- A payment receipt, also known as a receipt for payment, is a record that serves as evidence of purchase. It is supplied by a company to its clients following the receipt of payment for any good or service.
- The patient's receipt can assist you to understand this. You have a right to the patient's receipt under the law. This implies that if you request it, your doctor is required to give it to you. Its contents must be clearly explained and understandable to laypeople.
The patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
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Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
Answer:
to start building wealth
and for easy accessibility (emergency funds are there)
nearly 41.1 percent of every dollar they earn in taxes.
the required details about taxes is given in below link
In the United States, the primary source of tax revenue was from individual income taxes (federal, state, and municipal).
sources of US tax revenue.
The United States relies substantially more on individual income taxes and property taxes than the OECD average. Individual income taxes generated 41.1 percent of total tax revenue in the United States, compared to an average of 24 percent in OECD countries—a 17.1 percentage point differential.
This is mainly due to the fact that in the United States, more than half of business income is reported on individual tax returns. In comparison to other OECD nations, the United States' method of taxing business income increases the share of tax revenue from individual income taxes and decreases the share of tax revenue from corporate taxes.
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Answer:
a. Computer - fixed asset
b. Patent - intangible asset
c. Oil reserve - natural resource
d. Goodwill - intangible asset
e. U. S. Treasury note - none of these (N)
f. Land used for employee parking - fixed asset
g. Gold mine - natural resource
Explanation:
Intangible assets are the assets of a company that cannot be seen or they are not physical in nature. They are usually difficult to evaluate. They include:
- Goodwill
- Patent
- Trademarks
- copyrights
a fixed asset is a long term tangible piece of property or equipment that a company has and uses it to generate income. they include plant, property and equipment.
A natural resource is a substance that occurs in nature that can be used to generate economic profit.
