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3 years ago

Why is it important to have a digestive deposition transcript prepared before trial?

Business

2 answers:

Amanda [17]3 years ago

5 0

d i think it is d because

Ierofanga [76]3 years ago

3 0

Answer:Deposition Basics

The deposition has two purposes: To find out what the witness knows and to preserve that witness' testimony. The intent is to allow the parties to learn all of the facts before the trial, so that no one is surprised once that witness is on the stand.

Explanation:

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Identify which of the following statements is true. A. A corporation is a separate taxpaying entity that must file a tax return

Mila [183]

Answer:

All of the above are true.

Explanation:

The following statements about a corporation is true.

1. A corporation is a separate taxpaying entity that must file a tax return annually.

A corporation is a legal entity that is separate and distinct from its owners. they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes annually just like individuals.

2. A newly formed corporation must select its basic accounting method.

A newly formed corporation will have to choose its accounting method. Accounting method refers to the rules a company follows in reporting revenues and expenses. The two primary methods are accrual accounting and cash accounting.

3. The terms "regular corporation" and "C corporation" are synonymous.

The C corporation is the standard (or default) corporation under IRS rules. The S corporation is a corporation that has elected a special tax status with the IRS and therefore has some tax advantages, hence cannot be said to be regular but has obtained a special status by election.

7 0

4 years ago

Which most accurately characterizes the method used to calculate inflation? Bureaucrats evaluate changes in the price of a natio

Irina-Kira [14]

Answer:

Analysts measure the cost of a bundle of goods representative of overall spending at two points in time and compare the difference in cost.

Explanation:

Inflation refers to a situation in which there is a rise in the price level of the goods in an economy at a particular point of time.

For determining inflation, we need to compare the cost of buying certain baskets of goods in the current year and the cost of buying same basket of goods in the previous year. So that we are able to find the exact rise in the price level of the goods.

We need to analyse the cost of the same basket of goods for the two different periods. Hence, we will get the most appropriate values of the inflation.

4 0

4 years ago

Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on the company’s equipment for the year is $1

alexandr402 [8]

Answer:

(1). Wages expense(debit) => 8000.

wages payable (credit) => 8000.

(2). depreciation expense-equipment(debit) => $10,480.

accumulated depreciation-equipment => $10,480.

(3). Supplies expense(debit) => 4,977.

office supplies(credit) => 4977.

(4). Insurance expense(debit) => 3,400

prepaid insurance(credit) => 3,400.

(5000 - 1600).

(5). Interest receivable(debit) => $650

interest revenue(credit) => $650

(6). interest expense(debit) => $2,500

interest payable(credit) => $2,500.

Explanation:

So, our main aim in this question is to be able to prepare prepare an " adjusting entries" required of financial statements for the year ended (date of) December 31.

An adjusting entries can simply be defined as entry that is used in showing the expenses and income of a particular organization or company.

Thus, the entries can be written as:

(1). Wages expense(debit) => 8000.

wages payable (credit) => 8000.

(2). depreciation expense-equipment(debit) => $10,480.

accumulated depreciation-equipment => $10,480.

(3). Supplies expense(debit) => 4,977.

office supplies(credit) => 4977.

(4). Insurance expense(debit) => 3,400

prepaid insurance(credit) => 3,400.

(5000 - 1600).

(5). Interest receivable(debit) => $650

interest revenue(credit) => $650

(6). interest expense(debit) => $2,500

interest payable(credit) => $2,500.

3 0

3 years ago

An income statement reflects activity that occurs _____ while a balance sheet reflects values ____.

dalvyx [7]

An income statement reflects activity that occurs over a period of time while a balance sheet reflects values at a point of time.

The income statement of a company is the financial statement that shows its income and expenditures. This gives a picture of the profit or loss the company is making. This is calculated for a given period of time.

The balance sheet of a company, on the other hand, is calculated at a specific point in time. It shows the assets, liabilities, and shareholder equity of the company at that point.

Income statement and balance sheet both constitute the financial statement of a company.

To learn more about balance sheets: brainly.com/question/14847079

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6 0

1 year ago

The first budget customarily prepared as part of an entity's master budget is the _____ budget.

Fantom [35]

The first budget customarily prepared as part of an entity's master budget is the sales budget.

A sales budget is a economic plan that estimates a company's total revenue in a specific term. It focuses on two matters—the number of products sold and the price at which they're sold—to expect how the company will perform. The motive of sales budget is to acquire the objectives of the income department. It also acts as a planning tool. It enables a firm to set standards and try to achieve them. it's also an device of coordination between special departments in an organization like income, finance, production and advertising.The company's inner strengths or weaknesses, have an impact on its income budget. It includes elements like plant's production potential, advertising channel, promotion and commercial, sales volume and revenue, and so on

The enterprise's internal strengths or weaknesses, affect its sales budget. It includes factors like plant's production potential, marketing channel, promotion and advertisement, income volume and sales, and so on.

Learn more about Sales budget here:-

brainly.com/question/24196533

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4 0

2 years ago