Answer:
AA-rated revenue bond that is escrowed to maturity.
Explanation:
AA-rated revenue bond that is escrowed to maturity, is the bond recommendation for an individual who seeks income that is free from federal income tax. Escrowed to maturity bond are pre-funded municipal bond and it is backed by the government. The Issuer invests the new bond´s income too high credit securities and also issuer hold proceeds from the new bond issue in a separate escrow account to pay off existing bond when it matures.
Answer:
Explanation:
Your business plan cover page should include:
Your company logo.
Document title and business name.
Business address and contact information.
Business plan completion date.
Confidentiality statement.
States dont collect income tax the government does so B
Answer:
Explanation:
Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer fro the year, dividend paid during the year etc.
Splish Corporation
Retained Earning Statement
for the year ended December 31, 2020
$
Retained Earning at January 1, 2020 707,000
Less: Cash Dividend paid during 2020 85,000
Add: Net Income for the year 2020 <u>1,428,500</u>
Retained Earning ath December 31 2020 <u>2,050,500</u>
Answer:
$233,000
Explanation:
As we know that
Cost of goods sold = Beginning inventory + net purchase - ending inventory
where,
Beginning inventory = $32,000
Net purchase is
= Purchase - purchase discounts - purchase returns + freight in
= $240,000 - $6,000 - $10,000 + $17,000
= $241,000
And, the ending inventory is $40,000
So, the cost of goods sold is
= $32,000 + $241,000 - $40,000
= $233,000
We simply applied the above formula so that the cost of goods sold could come
