Answer:
2029
Explanation:
When the IRS is performing an audit, they will usually request information about the last three years, but if they find any substantial errors, then the IRS might request information about the last six years.
Then if they determine that Martin owes taxes because he made a mistake on his previous filings or never filed any tax return, they can try to collect unpaid taxes for the last ten years. The IRS has a 10 year statute of limitations for the collection of unpaid taxes.
Answer:
adjusted net income 8,555
Explanation:
unadjusted net income 8,500
earned revenue 900
salaries expense (550)
interest expense (90)
supplies expense <u> (205) </u>
adjusted net income 8,555
The salries are considered expense,
the interest due are the interest accrued in a note payable
the supplies used are the supplies expense
the unearned revenue beomes earned through time adn by, providing services. It increase the total reveneu for the period.
Answer:
Promissory estoppel is the legal principle that a promise is enforceable by law
Explanation:
Answer:
$950,000
Explanation:
<u>Particular Amount Amount</u>
Finish Goods $39,000
W.I.P Goods $34,000
Add: material $27,000
material purchase $555,000
Direct labor $248,000
<u>Factory Overhead $143,000</u>
$1,007,000
Less: material $20,000
W.I.P Goods at end $33,000
<u>Finish Goods $43,000 </u>
<u> $911,000</u>
<u>Total cost of goods sold $950,000</u>
Answer: $50,000
Explanation:
The maximum amount the insurance company will pay is $25,000 per person with a topmost of $50,000 per accident for all persons. Peradventure one is involved in an accident and someone is injured, your liability coverage is part of your automobile insurance and will pay for their injuries.