Answer:
05 Dec Debit salary 650 credit bank 650
if the 30 Nov sales are paid then
Debit wages payable 260 Credit bank 260
Explanation:
to get a day's wage we take 26 /2 = 130
the five days = 130*5 = 650
Answer:
Job outlook.
Explanation:
A job outlook is a forecast of how many jobs there are likely to be in a specific industry and how quickly that number is changing. An individual can consult a job outlook in order to help plan the future of his career.
Answer:
A) Q1 = 20 and Q2 = 60
Explanation:
Please find the attached file with the solution.
Answer:
$72,150
Explanation:
Calculation to determine Hummingbird’s taxable income for the year
Using this formula
Taxable income =Net active income +Portfolio income-Passive loss
Let plug in the formula
Taxable income=$240,500+$96,200-$264,550
Taxable income=$72,150
Therefore Hummingbird’s taxable income for the year is $72,150
Answer:
A) Comparability.
Explanation:
According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.
If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.
