Yes! I am in going into 10th grade and am so excited to do vet school! I take a vet class and a marine biology class every week! I already started looking into colleges like UCDavis and the university of Colorado! I have birds fish and dogs as well!
Answer:
The check is written and signed by a payer
Explanation:
Checks are written by payers before any disbursement could be made, this must be strictly followed to enable smooth transaction and make such checks tenable in any bank.
Answer:
d) Sec. 179 deduction $900,000
Carryover $150,000
Explanation:
The amount of Susan allowable Sec. 179 deduction is $1,050,000 (cost of asset) but it is limited to her business income ($900,000)
Hence,
Sec. 179 deduction $900,000
Carryover $150,000
Answer:
The statement is false
Explanation:
S corporations are pass through corporations, which means income earned is passed to the owners and they are taxed at individual level.
Shareholders of S corporation earns income in the form of wages and distributions. Wages are charged with payroll taxes. S corporation shareholders are not subject to self-employment taxes which is an advantage for them.
Therefore, the statement is false
Jackson's catering services sold cookies to the local college. the college paid immediately. record this transaction in Jackson's accounting equation by increasing Cash; Increasing Revenues
This is further explained below.
<h3>What are
Increasing Revenues?</h3>
Generally, The rise in a firm's sales from one quarter to the next is referred to as the revenue growth of the company.
Revenue growth, when expressed as a percentage, depicts the gains and reductions over time, which helps discover patterns in the company's performance.
In conclusion, The neighborhood university purchased cookies from Jackson's catering services.
The college made the payment right away. Jackson's accounting equation should be updated to reflect the effects of this transaction by raising Cash and Increasing Revenues.
Read more about Revenues
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