The answer I believe is c because I just did this section.
Answer:
A
Explanation:
It gets more intense, not longer like duration.
The accounts payable ending balance equals a $4,000 balance
What is accounts payable?
Accounts payable is the account that represent the company's suppliers, in effect, its balance indicates the amounts owed to them, in essence, the closing balance is determined by adding new purchases to the beginning accounts while deducting amount paid to suppliers in the period under review.
accounts payable ending balance=beginning accounts payable+purchases-amount paid
beginning accounts payable=$1,000
purchases=$10,000
amount paid=$7,000
accounts payable ending balance=$1,000+$10,000-$7,000
accounts payable ending balance=$4,000
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relationship skills are important when you own a business because you know how to communicate.
Answer:
The total deductible amount of these expenditures is $450.
Explanation:
Half of any cost of meals and entertainment to which business discussion is associated and appropriate records kept is allowed to be deducted.
Since it is only tickets to the opera with a client following a business meeting that meet this condition, 50% of the total amount of $900 which is $450 is deductible.
