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3 years ago

Which statements describe headings?

Business

1 answer:

kondaur [170]3 years ago

7 0

Answer: They should be separated from the text that precedes them.

They should not be placed near the bottom of a page.

They introduce the text that follows them.

They should stand out on the page.

Explanation:

Headings are very important in text as they format the document and make it orderly and easier to read.

For this reason Headings ;

- Should be seperated from the text that precedes them. This way the reader knows that the previous topic is done and a new one has begun.

- Should not be placed near the bottom of the page because their relevance is lost. If you are nearing the bottom of the page and need to start with a new heading, go to the next page and start there.

- Should introduce the text that follows them because the text is meant to augment the Heading.

- Should stand out in a page so that the reader can know that it is a heading and the beginning of a different topic.

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The following three independent sets of facts relate to contingent liabilities: 1. In November of the current year an automobile

aalyn [17]

Answer:

Situation 1 is a probably contingency. This recall is occurring and can be estimated as costing $2 million. This amount should be charge to the warranties payable and warranties expense accounts.

Date

Particulars

Ref.no

Debit $

Credit $

Warrantee expenses

20,00,000

Warranty payable account

20,00,000

[To record the estimated claims]

Comment

Step 3 of 3

Situation 2 is a reasonable contingency. The costs are possible and there are rough estimates for cleanup but there are also rough estimates about reimbursements for property damage. This situation would be disclosed on the balance sheet.

Situation 3 is a remote contingency. There is a small change that there could be property damage but there is no way to determine how much or what the costs could be. There is no amount marked down for this situation

Explanation:

5 0

2 years ago

Which is a helpful resource for you during the process of buying a home? A. Realtors B. Local programs C. Government programs D.

Klio2033 [76]

Answer:

A. Realtors

Explanation:

A realtor is a professional who helps clients buy and sell properties. Realtors are registered by the National Association of Realtors (NAR) and licensed to practice by their local authorities.

Realtors work for real estate companies. They may be real estate agents, salespeople, residential and commercial real estate brokers, property managers, or appraisers. Since they are recognized by law, and their work revolves around properties, realtors stand in a better position to assist someone buying a house.

3 0

2 years ago

Ways in which government can regulate the setting up of businesses

svetoff [14.1K]

Answer:

Tax Code. For most small business owners, government regulation questions almost always begin with taxes. ...
Employment and Labor Law. ...
Antitrust Laws. ...
Advertising. ...
Email Marketing. ...
Environmental Regulations. ...
Privacy. ...
Licensing and Permits.

Hope this is helpful to you

5 0

2 years ago

If government tax revenues change automatically and in a countercylical direction over the course of the business cycle, this wo

luda_lava [24]

Answer: Option (C) is correct.

Explanation:

Correct Option: Political business cycle

If government tax revenues change automatically and in a countercylical direction over the course of the business cycle, this would be called a Political business cycle.

These cycles are present in macroeconomic variables such inflation rate, output and unemployment. There are two types of regime follow in this cycle are as follows:

(i) Regime A consist of expansionary polices which results in a economic growth and inflation. If the inflation rate is high enough then there is a withdrawal of policy.

(ii) Regime B consist of contractionary polices which results in reducing economic growth and inflation. It will become voted out if the unemployment is too high, replaced by Regime A. It generally lead to downward movement of the cycle.

7 0

3 years ago

Evergreen Corporation distributes land with a fair market value of $200,000 to its sole shareholder. Evergreen's tax basis in th

Lady_Fox [76]

Answer:

True

Explanation:

As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:

Fair market value - Tax basis of such asset.

Here, in the given instance

Fair market value of land = $200,000

Tax basis of land = $50,000

Thus, gain on distribution = $200,000 - $50,000 = $150,000

This will not be different in any case, whether the earnings are positive or negative.

Therefore, the statement is True

4 0

3 years ago