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attashe74 [19]
3 years ago
10

Federal programs like student loan programs and Social Security are paid for using the revenue generated by taxation.

Business
2 answers:
aleksley [76]3 years ago
8 0
The correct answer is true
Artist 52 [7]3 years ago
5 0
Bare with me here. I may be wrong but I hinkle it's true
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A company has a Deferred Tax Liability of $35,000. Now, the government has just changed the statutory tax rate from 35% to 30% e
Ivanshal [37]

Answer and Explanation:

The correct journal entry to record the impact of this tax rate change is shown Below:

Income Tax Expense $5,000

     To Deferred Tax Assets $5,000

(being the income tax expense is recorded)

here the income tax expense is debited as it increased the expense and credited the deferred tax assets

So, the same should be considered

7 0
3 years ago
Apollo Corp. reported the following balance​ sheet: Cash ​$28,000 ​ Accounts payable ​$5,000 Accounts receivable ​15,000 ​ Notes
avanturin [10]

Answer:

Apollo's return on equity is 38.17%

Explanation:

The formula to compute the return on equity is shown below:

Return on equity = Net income ÷ total equity

where,

Net income = $50,000

And, the total equity is

= Common stock + retained earnings

= $10,000 + $121,000

= $131,000

Now put these values to the above formula  

So, the value would equal to

= $50,000 ÷ $131,000

= 38.17%

3 0
3 years ago
In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense?
Romashka [77]
B. You have health insurance with a $500 deductible.
6 0
4 years ago
A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of th
Amanda [17]

Answer:

The answer is Deliveries for which no purchase order was issued.

Explanation:

A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of the vendor and do not list the quantities of the material ordered. Using the purchase orders, the receiving department is most likely to detect____Deliveries for which no purchase order was issued._____

5 0
4 years ago
Based on its 1Q 2014 press release, what is the maximum $ amount the Coca-Cola Company expects to spend in repurchasing its shar
OverLord2011 [107]

Answer: $3.0 billion.

Explanation:

According to the Press Statement released by Coca-Cola on April 15, 2014 as found on the SEC website, the company plans to spend between $2.5 billion and $3.0 billion on share repurchases by the end of the 2014 fiscal year.

As at the end of the first quarter of 2014, the Company had already spent $713 million in share repurchases and so were optimistic about their repurchases plan.

4 0
4 years ago
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