Answer: Classification
Explanation:
Accrued revenue
1. Fees earned but not yet received
Accrued Expense
These are expenses that have been incurred but not yet paid for in the current accounting period.
1. Salary owed but not yet paid.
2. Taxes owed but payable in the following period.
3. Utilities owed but not yet paid.
Unearned Revenue
This represents income received before it is earned and they represent a liability to the receiver.
1. Fees received but not yet earned.
2. Subscriptions received in advance by a magazine publisher.
Prepaid Expense
They are expenses paid in advance
1. A two year premium plan paid on insurance policy
2. Supplies on hand.
Answer:
Mr Curtis can deduct his total property taxes of $ 7,810.00 as well as the Indiana state income tax of $8,120.00 ,since this exceeds the Indiana state sales tax on consumer goods and services of $2,890.00 paid by Mr Curtis during the year.
Finally,the remaining are not deductible
Explanation:
In other words the following taxes are not deductible:
1.Federal income tax $72,250.00
2.Federal gift tax $361
3.The Federal payroll tax for housekeeper $1,301
4.Indiana sales tax on consumer goods and services$2,890
Lastly the property taxes deductible is computed thus:
Principal residence $3,980.00
Vacation home $2,530.00
Two automobiles $1,300.00
Total $ 7,810.00
<u>Answer:</u>
Variable expenses are generally the principal costs that individuals attempt to slice when they have to begin setting aside cash. Sadly, factor expenses are additionally the absolute hardest costs to reduce, because it requires an everyday pledge to cheap essential leadership.
It is important to start reducing costs, take a consideration at both your variable fixed costs. Dedicating a Saturday evening to looking into the majority of your memberships, protection designs, and repeating month to month bills may assist you with cutting the expenses .
Is a bank account because how their going to take a loan with no bank account
La respuesta correcta para esta pregunta abierta es la siguiente.
A pesar de que no se anexan opciones o incisos para responder, podemos decir lo siguiente.
Aquí estamos hablando de los costos históricos. Estos costos son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso.
Un buen contador dentro de la empresa, se basará en estos costos históricos para poder predecir o proyectar los costos predeterminados y tener cierta información de lo que puede suceder a corto o mediano plazo.
Recordemos que esos costos predeterminados son necesarios para que los contadores puedan elaborar presupuestos lo más apegados a la realidad y se puedan ajustar con el tiempo. Para elaborar estos costos predeterminados, el contador hace uso de herramientas estadísticas.
