Answer: See explanation
Explanation:
1. Calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.
The first year's net earnings under the cash basis of accounting will be:
Service revenue = $23400
Less: Expenses = $14310
Net income = $9090
The first year's net earnings under the accrual basis of accounting will be:
Service revenue = $29500
Less: Expenses = $15500
Net income = $14000
2. Which basis of accounting (cash or accrual) provides more useful information for decision-makers?
It should be noted that the accrual basis of accounting gives decision makers more useful information. This is due to the fact that the decision makers will probably want to know the revenue and the expenses that were incurred for a particular period and every other necessary details.
Answer:
$31,500
Explanation:
On November 1, 2019, Kate leased out a buliding for $4,500 per month.
On the same day( November 1, 2019) she received seven months payment for the building. Which means she received $31,500 (4,500* 7 months).
Accural taxpayers must be able to include all amount they are to receive for payments of services, once they earn it.
Since Kate is an accural taxpayer, and she receive the $31,500 payment on November 1, 2019, she must include the whole $31,500 on her 2019 tax return as a result of this transaction.
Credit cards would be considered liabilities.
4 major types of credit cards are Visa, MasterCard, American explicit and discover. Those are the main credit card networks, which most credit playing cards belong to, and they dictate where cards can be used in addition to what secondary benefits cards offer.
It's generally recommended that you have to a few credit card accounts at a time, in addition to different styles of credit scores.
Keep in mind that your general available credit and your debt-to-credit ratio can impact your credit scores. if you have greater than 3 credit score playing cards, it is able to be hard to maintain song of monthly bills.
Learn more about credit card here: brainly.com/question/6872962
#SPJ4
Answer:
You will have 200 shares of stock, and the stock will trade at or near $60 a share.
Explanation:
When a company declares a 2-for-1 stock split, its shares' value is cut by half, while the number of stocks of each share holder doubles.
If, before the split, the stock had a value of $120 per share, after the stock split it will sell for close to $60 a share.
If you previously had a position of 100 shares of Troll Brothers' stock, after the 2-for-1 split you will have 200 shares.
Therefore, you will have 200 shares of stock, and the stock will trade at or near $60 a share.
It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.
<h3>What is a political trend?</h3>
These are trends that influenced consumer views and behavior with the new arount the world of politics that always keep viewer interests.
Fir insatance, the trends about Russian war is an example of political trend because it is strictly on politics.
Therefore, It is a false statement that sustainability, health wellness and distribution of food are all considered political trend.
Read more about political trend
<em>brainly.com/question/24811191</em>
