Answer:
D- income statement accounts are temporary accounts and do not retain their balances from one period to the next.
Explanation:
quizlet
Answer:
The correct answer is Provide job-related information support to users at all levels of a company
Explanation:
Business collaboration systems (ERP) are one of the most used types of information systems. They help the managers of a company to control the flow of information in their organizations.
It is one of the types of information systems that are not specific to a specific level in the organization, but provide important support for a wide range of users. These information systems are designed to support office tasks such as multimedia systems, emails, videoconferences and file transfers.
Answer:
The payments are all part of a LIQUIDATING DISTRIBUTION
Explanation:
The payments are all part of a LIQUIDATING DISTRIBUTION and not current distribution because a liquidation distribution can said to be a single distribution or one of a planned series of distributions that terminates a partner's entire interest in the partnership while Current distributions can be said to be all other distributions thay include those that reduce or decrease a partner's interest in the partnership.
Therefore in accordance with the liquidation, distribution laws Javier would have to recognize a gain or profit of $20,000 at the end of the year so to the fact that he only had $100,000 basis but is receiving $120,000 (12*10000).
Thus the partnership will not have to recognize a gain or a loss according to the information provided.
$1200 monthly x 12 = $14,400
$900 biweekly x 26 = $23,400
$650 weekly x 52 = $33,800
$700 semimonthly x 24 = $16,800
Activites can be easily entered on forms such as invoices or bills and affect what happens behind the scenes.
