A corporation is a complicated commercial enterprise as compared to a sole. the procedure of filing all relevant legal documents to sign in a business enterprise with the authorities is referred to as Taxation.
A corporation conducts enterprise, realizes net earnings or loss, will pay taxes, and distributes profits to shareholders. The earnings of an enterprise are taxed to the corporation while earned and then are taxed to the shareholders when allotted as dividends.
A corporation is a popular connection with a business whereas a business enterprise is a reference to a particular sort of commercial enterprise entity. An agency is owned by its shareholders while a business enterprise may be owned both by the enterprise proprietor in full (sole proprietorship), numerous people (partnership), or others (shareholders).
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Television ads usually portray the elderly as being vibrant, active, healthy, energetic, etc.
In television ads, things are usually depicted as being the opposite of what they are in real life. That, or television ads are meant to reinforce stereotypes. That's usually in more television shows, instead of advertisements though.
Accumulated depreciation changed into disposed of for $27,000 cash. The access to file this event could include a gain of $3,000
Gross e-book fee=$54,000.00
Acc Deprecition=($30,000.00)
net e-book fee as on date of sale=$24,000.00
Sale Proceeds=$27,000.00
advantage =$3,000.00
Amassed depreciation is the sum of all recorded depreciation on an asset to a specific date. accumulated depreciation is supplied at the stability sheet just beneath the associated capital asset line. The wearing price of an asset is its ancient value minus collected depreciation.
As an example, if an organization purchased a bit of printing gadget for $ hundred,000 and the collected depreciation is $35,000, then the internet ebook price of the printing device is $65,000. $one hundred,000 - $35,000 = $65,000. gathered depreciation can't exceed an asset's price.
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Answer:
The correct answer is letter "C": A drought in Kansas is not significant enough to affect the worldwide price of grain.
Explanation:
In case a drought affects only the farms in Kansas, there will be less supply of grains growing in Kansas but customers may ask for the grains from other regions not affected by the drought. <em>Therefore, Kansas farmers' profits will be decreased but it will not affect the worldwide price of grains.</em>
Answer: The correct answer is a. debit Unearned Rent Revenue, $2,500; credit Rent Revenue, $2,500.
Explanation: Leyland Realty Company receipt of $15,000 represents an unearned revenue because the 6-month rent has not been utilized. Since the term is for 6 months, monthly amortization would be $15,000 ÷ 6 months = $2,500. This amount now serves as the monthly amortization, which would be unwound to revenue and the amount in liability (unearned revenue) would gradually decrease until it becomes zero.
Now that a month has elapsed (1 July - 31 July), an amount of $2,500 calculated above would be unwound to revenue (income statement) by Debiting Unearned revenue $2,500 and Crediting Revenue $2,500.