Answer:
The minimum payment is 15
Explanation
so you have to pay another %15 of the bill each month
The best response that you would have as a result of your review would be ; You consider the testing over the accuracy and completeness of management's schedule which has been performed in a separate EGA, ensure the balance in the roll forward agrees to the testing performed, and enhance the tax team's documentation to reference the additional testing.
<h3>What does it mean to carry out testing of tax account?</h3>
This is the term that has to do with the performing of the procedure in such a way that it would be able to take care of an underlying account record or a given transaction.
The answer to this question is option C. You would have to ensure that you consider the testing over the accuracy and completeness of management's schedule.
Read more on tax accounts here:
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Answer:
(A)
cash 3,100,000
bonds payable 3,100,000
(B)
interest expense 155,000
interest payable 155,000
(C)
interest payable 155,000
cash 155,000
Explanation:
(A) the bonds were issued at par value so no discount or premium should be aknowledge
(B) 3,100 bonds x 1,000 face value x 5% interest = 155,000 interest expense
this interest expense is not paid at dec 31th so it is interest payable
(C) write-off the payable and the decrease in cash for the amount paid.
The fed currently focuses monetary policy on the ; Federal funds rate
Based on the scenario above, it suggest that the Burbank
Bagel Boys is considered to be a bureaucratic organization of which it is
defined as having many layers of management and as well as having extensive
reliance in regards with rules and regulations.