true i think.....Im just guessing to be honest
Two basic requirements to support the declaration of a cash dividend are:-
1) Retained earning accounts should have a positive balance greater than dividends, as dividend can be issued only from free reserves.
2) the cash account has a balance greater than the amount of dividend declared, as we have to pay cash for dividend in the near future
Cash dividends affect cash and equity on the balance sheet. Retained earnings and cash are deducted by the sum of dividends. Equity dividends do not affect a company's liquidity, only the equities section of the balance sheet.
Learn more about Cash dividends here:brainly.com/question/20374943
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Answer: b. These would not be withheld by the company.
c. As an independent contractor they would be responsible for their own payments
Explanation:
Here is the complete question:
Beth Caldwell is in the payroll accounting department of Acerill Films. An independent contractor of the company requests that Social Security and Medicare taxes be withheld from future compensation. What advice should Beth offer?(You may select more than one answer).
a. The independent contractor should complete Form W-4 to authorize FICA tax withholding.
b. These would not be withheld by the company.
c. As an independent contractor they would be responsible for their own payments.
An independent contractor is someone that has his or her won personal business but still does work for other organizations or businesses. Is should be noted that independent contractors should not be considered to be part of the workers in the organization they work for.
Beth Caldwell should not take taxes out of the payments that will be paid to the person because he is responsible for his or her won payment and normally, they pay the self employment tax which is just like paying for social security and Medicare taxes.
Answer:
the present value is $467,335.2613
Explanation:
The computation of the value worth today is shown below:
= Amount in two years ÷ (1 + rate of interest)^number of years
= $590,000 ÷ (1 + 12% ÷ 2)^2×2
= $590,000 ÷ 1.06^4
= $590,000 ÷ 1.26247696
= $467,335.2613
Hence, the present value is $467,335.2613
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer and Explanation:
The correct journal entry to record the impact of this tax rate change is shown Below:
Income Tax Expense $5,000
To Deferred Tax Assets $5,000
(being the income tax expense is recorded)
here the income tax expense is debited as it increased the expense and credited the deferred tax assets
So, the same should be considered
