The
amended Revenue and Taxation Code, Section 73, on the Property Tax on New
Subdivisions, under Assembly Bill 1099 excludes property for a property tax
reassessment for the construction or the addition of an active "solar
energy system." This law is valid RETROACTIVELY from the 1999-2000 fiscal
year forward to the 2008-2009 fiscal year.
Answer:
D. $5
Explanation:
Accountants calculate only explicit costs, or costs that are directly attributed to the process. (This is different than how an economist would calculate costs, because economists would also include the implicit costs such as the opportunity cost of the wages Walter could be earning at the store if he wasn't making bird houses).
Answer:
The answer is C.
Explanation:
The year is 360 days.
Annual rate is 9%
Therefore, interest rare for the 120-day is 3%[(120/360) x 9%]
So, the interest on the rate is:
3% x $20,000
$600.
The total amount collected from Dark Co. will be principal + interest
$20,000 + $600 = $20,600
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have:
Dr Cash $20,600
Cr: Receivable $20,000
Cr: Interest Revenue $600.
The percentage of texting and driving car accidents in the united states is 1 out of 4 which means 25%