Answer:
$135million
Explanation:
The Deferred tax liability which isaac would report in its year-end 2021 balance sheet = Temporary difference for installment sales to be reversed in 2022, 2023, 2024 and 2025 * Tax rate
= ($120m + $120m + $150m + $150m) * 25%
= $540 million * 25%
= $135 million
<u>The change in the owner's equity</u> is often documented in a separate revenue account when cash is received from sales.
<h3><u>What Is Revenue?</u></h3>
Revenue, which is determined by multiplying the average sales price by the number of units sold, is the money made from routine business operations. It is the top-line (or gross income) figure from which costs are deducted to calculate net income. On the income statement, revenue is referred to as sales.
Revenue is the money that a business generates via its operations. Depending on the accounting method used, there are various methods for calculating revenue. Sales made on credit will be included in revenue for products or services delivered to the client in accrual accounting. Revenue may be recognized in accordance with certain regulations even though payment has not yet been made.
Learn more about revenue with the help of the given link:
brainly.com/question/13595937
#SPJ4
Answer:
Medium of Exchange
Explanation:
A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.
A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.
Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.
April 18th for 2016. Generally they are due in April in 2015 it was April 15th.
Answer:
The answer is;
Deviation is the difference between the observed value of a quantity and the true value, residual is the difference between the observed value of a quantity and the mean of the observed values
Explanation:
The error of an observed value is the deviation of the observed value from the true value of a quantity of interest (for example, a population mean).
The residual of an observed value is the difference between the observed value and the estimated value of the quantity of interest (for example, a sample mean)
