Answer: $780,000
Explanation:
Income taxes paid for the year are:
Cash paid for income taxes = Beginning income tax payable + Income tax expense - Ending income tax payable
= 50,000 + 800,000 - 70,000
= $780,000
Answer:
$3000
Explanation:
If a tenant pays an expense usually paid by the taxpayer in place of rent, that expense is considered as part of rental income to the taxpayer.
The income to be included will be: $ 2200 paid as deposit, Plus $ 800 paid for plumbing repairs.
= $2200+$800
=$3000
Answer:
priorities, principles, and beliefs that guide a persons life.
Answer: 11.1 times
Explanation:
Times Interest Ratio = Earnings before Interest and Tax/ Interest
Earnings before Interest and tax = Net Income + Interest + Tax
= 73,300 + 10,500 + 32,900
= $116,700
Times Interest ratio = 116,700/10,500
= 11.1 times
Answer:
C. moral hazard.
Explanation:
Moral hazard -
It is the condition , where the person take more risk , as he or she is aware that someone else need to bear the risk , is known as moral hazard .
In this case , one of the party can change the damage of other after any type of monetary transaction has occurred .
Hence , from the question ,
The statement given in the question , is about Moral hazard .
