Fleming corp. provided services on account. The transaction would be recorded with a credit to service revenue. The transaction will also be recorded on the accounts receivable ledger as well. Service revenue is an account used in accrual accounting that reports fee income that a company earns during a specific time frame. Accounts receivable is an account that shoes money that is owed to a company by its debtors.
Answer:
The correct answer would be option C, 3.
Explanation:
There are three types of grants offered by the Federal Government.
These are as follows:
1) Federal Pell Grants
2) Federal Supplemental Education Opportunity Grants
3) Work Study Programs
Federal Pell Grants provides financial aid to the students, not exclusive to their family income, serves as the prized resource among students. There are certain conditions whom a student must fulfill in order to be eligible for this grant.
Federal Supplemental Education Opportunity Grants are the financial aids given to the students who have a very low expected family contribution towards their studies.This grant is given to the most needy students.
Work Study Programs also provide the financial aid to the students by providing them part time job opportunities to meet their financial college expenses.
For the past five years, Logan has reported little to no taxable income because he paid Graham a salary of $500,000 a year.
Multiply that result by the number of shares held for each individual shareholder. Complete Appendix K, the form companies must submit to list the amount of income attributable to each shareholder for the tax year.
The gross S Corporation income (or loss) reported in Appendix E is included in the income from rentals, royalties, partnerships, S Corporations, trusts, etc. section of an individual's Form 1040.
S corporation tax rate refers to the federal, state, and local personal income taxes an S corporation must pay. S Corporation owners must pay state and local income taxes ranging from 0% to 13.3% and a maximum federal income tax of 39.6%.
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Answer:
$51,790
Explanation:
Amrein Corporation Manufacturing Overhead Budget
August
Budgeted direct labor-hours 2,500
Variable manufacturing overhead rate $5
Variable manufacturing overhead $12,500
($2,500×$5)
Fixed manufacturing overhead $43,010
Total manufacturing overhead $55,510
($43,010+$12,500)
Less depreciation 3,750
Cash disbursement for manufacturing overhead $51,790
Therefore the August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $51,790
A job is just a short term thing to get cash and build up experience . a career is a long term pursuit of lifelong ambition . a career you enjoy the rest of your life
