Answer:
The December 31 balance sheet should show the following liabilities:
Current liabilities:
Current portion of notes payable $250,000
Long term liabilities:
Notes payable $750,000
Current liabilities include all the liabilities that are due within one year of the presentation of the balance sheet. While long term liabilities include all the liabilities that are due in more than one year.
Even if the total liability is due in more than one year, but a tranche or installment is due within one year, this must be included as current portion of long term liability under current liabilities.
Answer:
Automatic stabilizers
Explanation:
Examples of automatic stabilizers are income tax and government welfare spending. They adjust immediately to minimise the effect of fluctuations in the economy.
For example in a recession, income tax reduces and government welfare spending increases. In a boom, income tax increases and government welfare spending falls.
I hope my answer helps you
Answer:
$20,460
Explanation:
Data provided as per the question below:-
Common stock = 33,000 shares
Market price per share = $31
Stock dividend percentage = 2%
The computation of stock dividend is shown below:-
Price per share = Common stock × Market price per share
= 33,000 × $31
= $1,023,000
Stock dividend = Price per share × Stock dividend percentage
= $1,023,000 × 2%
= $20,460
If the obligation is $2900 on the 941, you would have deposited the liability each month of the quarter
<span>and when filing the 941, you will have paid in what is owed and there will be nothing due with this return </span>
<span>the limit is $2500 that you do not have to prepay </span>
<span>for July's obligation you would paid(electronically) by Aug. 15, for Aug, by Sept.15, and for the quarter Oct. 15 </span>
<span>EFPTS is a very good way to comply with electronic filing</span>
