Answer:
Sales
Explanation:
If the accounting records for Sports-R-Us, a superstore targeted at armchair athletes, showed that it had bought and received $1,830,000 worth of merchandise.
And An actual count of the merchandise in the store showed only $1,644,000 worth of merchandise in stock.
The other information is needed to calculate inventory shrinkage is sales for the period.
Before we can conclude on the level of inventory shrinkage, we must deduct sales from purchases to know the value of closing inventory which will be compared with the actual count.
A person's annual income is $40,000. She subtracts $2,000 for donations to charity. If she is also given a $3,000 tax credit, her total income would be $38,000.
<h3>What is the tax credit?</h3>
Tax credits are financial incentives that let some taxpayers deduct their accumulated credits from the total amount they repose on the state.
It can also be called as a “discount” that is offered by the state in some circumstances, or a credit given in recognition of prior tax payments. It is not considered as a part of person's income.
The person's gross income would be $38,000 ($40,000 – $2000), here, the Gross Income does not include the deduction, this is considered in the Net taxable income.
Learn more about the tax, refer to:
brainly.com/question/16423331
#SPJ1
$14,500 +. 2,500 = 17,000 / 10 = 170.0 totally answer
Answer:
Keystone XL would be bad for wildlife, especially endangered species. Also without Keystone XL, the same amount of bitumen will be produced and the U.S. will still get all of it through the other pipeline projects. Keystone is not needed!
Explanation:
Answer:
Explanation:
Ethics demands reasons to be given for changing from one depreciation method to another. There are three depreciation methods that are applicable including double-declining balance technique, unit of production technique, and straight-line technique.
Changing from one depreciation method to another must be done in the best interests of shareholders and reasons for such a change must be disclosed. Therefore, ethics requires a company to reveal the changes in depreciation method and adhere to the accounting principles related to the method used.
