Answer: It is a No problem gift.
The first type of no-problem gift is personal property.
on which you did not claim Section 179 expensing,
that is not listed property, and
that would not produce a deductible tax loss if sold by you.
Explanation:
Given that t<span>he mean age of principals in a local school district is 48.6 years.
</span>I<span>f a hypothesis test is performed, a decision that rejects the null hypothesis is interpreted as follows:
"There is no suffitient evidence to conclude that the mean age of principals in a local school district is 48.6 years."
</span>
Answer:
The EAR you earn from the match is 100%.
Explanation:
Since a full 5 percent match will be received if 5 percent of your salary is invested, this implies that 100% will be earned by you from the match up to 5%.
For example, if 5 percent of your salary that you put in is $200, the East Coast Yachts will match the $200. This indicates that effective annual return (EAR) earned by you from the match is 100%.
Therefore, the EAR you earn from the match is 100%.
Answer:
b. A debit to Deferred Inflows: Property Taxes; and a credit to Revenues Control.
Explanation:
In accrual accounting revenues and expenses are not recognised till they are earned or incurred.
Deferred revenue is the income for goods that have not been delivered yet. For example if a business made sales of books worth $500 but have not delivered the goods to the buyer, the income realised is credited to deferred income. When the books have been delivered the income can now be recognised and moved to revenue account.
So in the scenario given the property taxes have not been collected yet and Soni's recorded as Deferred inflow from the previous year. When the taxes are collected we debit Deferred Inflow- Property taxes and credit Revenue Control.