Answer:
$31,500
Explanation:
On November 1, 2019, Kate leased out a buliding for $4,500 per month.
On the same day( November 1, 2019) she received seven months payment for the building. Which means she received $31,500 (4,500* 7 months).
Accural taxpayers must be able to include all amount they are to receive for payments of services, once they earn it.
Since Kate is an accural taxpayer, and she receive the $31,500 payment on November 1, 2019, she must include the whole $31,500 on her 2019 tax return as a result of this transaction.
Well in order to run the business no matter which type it is there is a need for revenue, not profit, unless it is private. For public school revenue comes from the State and when a local shop sponsor.
Answer: All of these choices are correct.
Explanation:
You didn't give the options to the question. The options include:
testing costs prior to placing the equipment into production
transportation costs
installation costs
All of these choices are correct.
Acquisition cost, is the total cost that is recognized by a company on its books for the purchase of an asset. These costs include the transportation cost, installation cost, shipping cost, testing costs, sales taxes, customs fees, etc.
Therefore, based on the explanation, the correct option is All of the choices are correct.
Answer: Check the MSDS for the liquid and follow the instructions.
Explanation:
The Material safety data sheet(MSDS) are document that contains information on the potential hazards(health, fire, reactivity & environmental) and working safely with chemical products. What to do after the spill is to check the MSDS for the liquid and follow the instructions.
Answer:
The answer is given below;
Explanation:
Legal Expenses Dr.$9,000
Patent (40,000+2,500) Dr.$42,500
Advertising Expense Dr.$80,000
Cash Cr.$131,500
Please note that legal and other fees for transfer of patent is capitalized in patent cost.
The compound entry is made to simplify the T-Account of cash as the second impact of every debit entry is cash.
