Answer:
Answer for the question:
Haskins and Jones, Attorneys-at-Law, maintains its books on a cash basis. During 2021, the law firm collected $610,000 for services rendered to its clients and paid out $425,000 in expenses. You are able to determine the following information about accounts receivable, prepaid expenses, deferred service revenue, and accrued liabilities: January 1, 2021 December 31, 2021 Accounts receivable $ 75,000 $ 67,000 Prepaid insurance 5,800 7,100 Prepaid rent 10,500 9,600 Deferred service revenue 10,500 12,200 Accrued liabilities (for various expenses) 13,500 17,700 In addition, 2021 depreciation expense on office equipment is $28,500. Required: Determine accrual basis net income for 2021.
is given in the attachment.
Explanation:
Answer and Explanation:
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Answer:there are 4
Explanation:if you take the 16 businesses and multiply it by a quarter which is .25 and you will get 4
The space between the official rate and the broader fee modifications over the path of the business cycle. greater specifically, for the duration of the gap is probable to the exertions marketplace is beneath strain.
Legit trade price refers back to the alternate fee determined by way of country-wide government or to the rate decided inside the legally sanctioned exchange marketplace. it's far calculated as an annual average primarily based on month-to-month averages (neighborhood currency devices relative to the U.S. dollar).
The official rate refers to the exchange charge determined via national authorities or to the fee decided within the legally sanctioned trade market. it is calculated as an annual common based totally on monthly averages (nearby forex units relative to the U.S. greenback).
Official rate: The legitimate exchange rate is the price of change announced by using a country's foreign exchange administration. typically used by countries with strict foreign exchange controls. market fee: The marketplace alternate price refers to the actual alternate charge for trading foreign exchange inside the loose market.
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Answer:
$2,000
Explanation:
depreciation expense should ABC record in 2019
