Answer:
Explanation:
a. Provide the journal entry for the vacation pay
Employees earned vacation pay of $39,500 for the period.
Debit Credit
Vacation pay expense A/C $39,500
Vacation payable A/C $39,500
<em>(Being vacation pay accrued for periods) </em>
b. Provide the journal entry for the pension benefit.
9% of employee salaries and the salaries were $750,000
=> The pension plan requires a contribution to the plan administrator: $750,000*9% = $67,500
Debit Credit
Pension expense $750,000
To cash A/C $67,500
To unfunded pension liabilities $683,500
Hope it will find you well.
Answer:
Production opportunities, time preferences for consumption, risk, inflation. Explanation: The cost of money is the interest rate that lenders charge borrowers, and is determined by the supply and demand of funds.
If the business has too many taxes it can go out of Business.
Answer:
La sencillez corporativa describe el grado en que las actividades de una empresa son perceptibles por los marginados. Esto es resultado de la directriz, los estándares cercanos y la disposición de los datos, la protección y las estrategias comerciales en torno a la dinámica corporativa y la receptividad de las tareas a los representantes, socios, inversionistas y personas en general. Desde el punto de vista de los marginados, la sencillez se puede caracterizar esencialmente como la naturaleza aparente de los datos compartidos intencionalmente de la empresa.
Corporate straightforwardness depicts the degree to which an enterprise's activities are perceptible by outcasts. This is a result of guideline, nearby standards, and the arrangement of data, protection, and business strategies concerning corporate dynamic and tasks receptiveness to representatives, partners, investors and people in general. From the viewpoint of outcasts, straightforwardness can be characterized essentially as the apparent nature of purposefully shared data from the enterprise.
Option[A] is the correct answer.
Corporation and limited liability (limited partnership) company taxed twice.
Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.
<h3>What is Double Taxation?</h3>
When business profits are taxed both at the corporate and personal levels, C corporations are subject to double taxation. Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.
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