Answer:
Revenue /expense approach
Explanation:
As we know that the income statement recognized only the revenues and the expenses and if the revenue is more than the expenses so the company is earning profit else it would suffered loss
So for proper income statement, the item recognized under US GAAP should be placed in revenue and expense approach as it comes under the income statement and the same is to be considered
Answer:
Debt is something, usually money, borrowed by one party from another. ... A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
Answer: d. is a third-party neutral who helps the two parties reach a compromise decision
Explanation: A form of alternative dispute resolution that resolves disputes between two or more parties with concrete effects is known as mediation. A mediator is a neutral third party who assists disputing parties in resolving conflict. Through the use of specialized communication and negotiation techniques, the mediator helps the two parties reach a compromise decision. He is one who negotiates between parties seeking mutual agreement. Thus he suggests compromise solutions or recommends concessions from each party that leads to an agreement.
Answer:
<h2>
total payroll tax expense $11.080</h2>
Explanation:
First, calculate the total expense in salaries.
100 * 40 * 20 = $80.000
Based on this amount, calculate the taxes associated.
Fica Taxes : 80.000 * 0.765 = 6.120
Unemployment taxes: 80.000 * 0.062 = 4.960
<h2>
total payroll tax expense $11.080</h2>
Answer:
Current Assets (in order of liquidity)
Cash $4,100
Debt Investments (Short-term) $7,600
Accounts Receivable $12,500
Supplies $5,200
Prepaid Insurance $4,500