The given statement " Congress is required to ensure that the tax law has the following characteristics: equality, certainty, convenience, and economy " is False.
Explanation:
The Congress is authorized, taxation, fees and excise duty are laid down and collected, the debts are paid and the common good and security of the United States are assured. but all privileges, charges and excise duty are identical throughout the United States.
Borrowing money on the ledger of the US;
To control trade with foreign countries, as well as with the Indian tribes among several States.
Maintain a standardized naturalization requirement and common rules on bankruptcy filings in the United States.
To coin the currency, the value and international coin shall be regulated and the weights and measurements shall be established.
Answer: (A) List the account names and numbers of the business.
Explanation:
The chart of the account is basically a listing of name of an account in which the company identified availability for the recording transaction in the general ledger. The company has high flexibility for tailor its both chart of account and ledger for its need and including accounts according to its particular needs.
The charts of the accounts has large and complex as company itself. The organization chart properly serve the outline for the accounting for the chart of account and the number of business.
Answer: Because planning allows you to draw a guide on how to do things.
Explanation: The planning is order and when there is order there will always be better results. If a person has a goal and it is planned, it is more likely that she will get what she wants since she has traced a path, she has created a way of how to do it.
Planning helps you know what to take into account and what not. It allows you to focus on the important details and put aside things that can only serve as a distraction.
Answer:
So then the correct answer on this case would be:
D) decreases by 10.
Explanation:
For this case we assume that we have a linear model given by this expression:
Where m is the slope on this case m=6 and b the intercept.
So our model is given by: 
We want to see that if we decrease the value of y on 60 units what would be the change on the x axis.
Let's assume that we have two points 
and 
If we find the differences between those points we got:
And we can rewrite this like that:
And if we know that 
then we can solve 
like this:
So then the correct answer on this case would be:
D) decreases by 10.
Answer:
Interest Expense $39,600
Cash Flow from Operating Activities $39,600
Explanation:
Payment of Interest Expense is the cash expense paid during the year which is deducted from the operating profit in the calculation of net income which is used to determine the cash flow from operating activities.
Interest on the Bond = $660,000 x 6% = $39,600
At the time of payment Journal Entry will be as follow
Dr. Interest Expense $39,600
Cr. Cash $39,600
As the cash is paid against the operating activities.
