Answer:
The amount of net income reported in 2020 income statement would be $75,000.
Explanation:
Pretax accounting income for 2020 = $100,000
Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets
= ($100,000 - $100,000)*25% + ($100,000*25%)
= $25,000
Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense
= $100,000 - $25,000
= $75,000
Therefore, The amount of net income reported in 2020 income statement would be $75,000.
Answer: A. improved computer security programs
Lots of people lose money due to phone fraud scammers. They try to approach the target to sell improved computer security programs. They do lots of ways to convince you to the point of asking you to give personal information. If you happen to meet one, say no.
Answer:
The match is as follow
1. Posting ⇒ E. Copying data from the journal to the ledger
2. Expense ⇒ A. The cost of operating a business; a decrease in stockholders' equity
3. Debit ⇒ K. Left side of an account
4. Trial Balance ⇒ L. The book of accounts and their balances
5. Equity ⇒ F. Assets - Liabilities
6. Net Income ⇒ G. Revenues - Expenses
7. Receivable ⇒ B. Always an asset
8. Chart of Accounts ⇒ H. Lists all accounts with their balances
9. Payable ⇒ I. Always a liability
10. Journal ⇒ D. Lists a company's accounts and account numbers (no account balances in this item)
11. Normal Balance ⇒ C. Side of an account where increases are recorded
12. Ledger ⇒ J. Record of transactions
The answer to this question is "Fixed Cost." this is because it doesn't change so it's fixed on one price!
Answer:
Option (D) is the right answer.
Explanation:
According to the scenario, the most appropriate answer is option (D) because public goods are given by the government and It can be used by everyone at a time and without any cost.
While the other options are incorrect because of the following reasons:
- Private goods are not given by the government.
- Club goods can be given by the government but at a cost.
- Common resource goods are of government and can not be used by everyone.
- Government goods can be used by the government only.
