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tino4ka555 [31]
2 years ago
12

Why is tax accounting important?

Business
1 answer:
nika2105 [10]2 years ago
7 0

Answer:

Tax accountants ensure that companies and individuals comply with tax laws by filing their federal and state income tax returns. Some tax accountants also offer tax planning advice to help businesses and individuals save money in taxes.

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Highland Clothing purchased​ land, paying $ 92 comma 000 cash and signing a $ 300 comma 000 note payable. In​ addition, Highland
Tpy6a [65]

Answer:

The Journal entry is as follows:

Land A/c         Dr. $400,850

   To Cash A/c                               $100,850

   To Notes payable                      $300,000

(To record purchase of land with cash and notes payable)

Workings:

Purchase price of land = $392,000

Total cost of land:

= Purchase price of land + Property taxes + Title insurance + Removal of building

= $392,000 + $2,100 + $950 + $5,800

= $400,850

5 0
3 years ago
Tyson is a supervisor for a company in the agroprocessing industry. He commands the respect, confidence, and loyalty of group me
Alika [10]

Tyson is "likely to score high on emotional intelligence".

<u>Explanation:</u>

Peter Salovey and John Mayer characterized emotional intelligence as the ability to track the feelings of one's own and others, to distinguish and properly mark various emotions, and to use emotional knowledge to direct thought and behaviour. There are five essential elements: self-awareness, self-regulation,empathy, inspiration and social skills, according to Daniel Goleman, who helped popularize emotional intelligence.

If you are lacking such intelligence, it is difficult to grasp how you are coming across to others. You feel confused because the message is not conveyed in a form that public can comprehend. But with training, people who are emotionally smart realize they don't express every idea beautifully.

5 0
3 years ago
The idea that an economy can get stuck in either an unemployment equilibrium or an inflation equilibrium is most closely associa
satela [25.4K]

Answer: D

Explanation:

the idea of coordination failures

8 0
3 years ago
Read 2 more answers
According to the Portland Business Journal, Jim Houser, a Portland auto specialist, landed a key Small Business Administration a
mario62 [17]

Answer:

reconciliate balance $ 22,388,675‬

Explanation:

bank statement:                18,835

deposits in transit           100,740

                                 22,376,200

outstanding check

  10189                            (56,710)

  10192                            (15,365)

  10193                           (22,650)

  10194                            (12,375)

Adjusted balance:  22,388,675‬

checkbook balance: 22,385,105

      interest earned           4,020

      ATM card fees              (450)

  Adjusted balance:  22,388,675

Notes: For each statement we adjust for the unknown information.

The bank is unaware of the outstanding check and the deposit in transit.  So we adjust for these concepts.

The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.

7 0
2 years ago
You receive a call from "Credit Services." The person on the line compliments you on your great credit history and also informs
Murrr4er [49]
I took the test your answer is C
6 0
3 years ago
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