The primary purpose of taxation is to raise revenue to meet huge public expenditure. Most governmental activities must be financed by taxation. But it is not the only goal. In other words, taxation policy has some non-revenue objectives. so the answer is A.
Answer:
3,000
Explanation:
As the income will be taxed at 25% the income tax liability will be for that amount
12,000 x 25% = 3,000
The tax deferred liability is generated from a temporary difference. The company is paying less income tax today but will pay more in the future. Hence there is a liability.
The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.
The percentages would be oranges 70% and apples 50% then bananas would be 10%
Answer:
a. specialize in mining and fisheries and engage in trade.
Explanation:
In the case when the Nunavut contains no trees but there are many fisheries and gold mines also they would like to improve in lot and gain access to many goods and services so if you are specialized in mining and fisheries so it could help in achieving the goal via exporting them and also engage in trade and the remaining of the world could import other goods & services
Therefore the option a is correct
Answer:
Record the adjusting entry on December 31, 2021. Calculate the 2021 year end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0).
1
Db Salaries expenses____________________ 690
Cr Salaries payable_______________________ 690
Explanation:
Pays 3220 Two Weeks
Pays 230 Daily
Dates Expense Payable
December 29 230
December 30 230
December 31 230
Janaury 1 230
Janaury 2 230
Janaury 3 230
Janaury 4 230
Janaury 5 230
Janaury 6 230
Janaury 7 230
Janaury 8 230
Janaury 9 230
Janaury 10 230
Janaury 11 230
690 2530
1
Db Salaries expenses____________________ 690
Cr Salaries payable_______________________ 690