Answer: Yaddof Adjusted Cash Balance is $3,290
Explanation: Bank reconciliation of Yaddof Company as at 30th June
Balance per Bank $3,600
Less:Outstanding Checks ($680)
Add: Deposit in transit $500
Less: Credit Memo for Interest ($150)
Add: Bank Service Charge $20
Adjusted Cash Balance $3,290
Answer: c. Interest expense and property taxes, other expenses, depreciation expense.
Explanation:
In terms of deductibility, interest expenses such as mortgages take precedence along with taxes on property.
After this comes other expenses starting first with direct expenses incurred in providing Jamison's services then there will be other expenses such as insurance, periodic repairs and admin expenses.
At the bottom of the hierarchy is depreciation expense which is the last expense that can be deducted
Answer:
Thank you for the points ^-^
Explanation: