Answer:
$1,300
Explanation:
Given that,
On November 15, 2021
sold gift cards = $1,950
Of the gift cards sold in November,
Redeemed in November = $195
Redeemed in December = $455
Therefore, the deferred revenue is as follows
= November sales - Redemptions
= November sales - (Redeemed in November + Redeemed in December)
= $1,950 - ($195 + $455)
= $1,950 - $650
= $1,300
This change is called condensation.
Answer:
The answers are:
- Professional fees to issue the corporation’s stock
- Commissions paid by the corporation to underwriters for stock issue
- Printing costs to issue the corporation’s stock
Explanation:
Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.
After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.
Answer: $25,000
Explanation:
Given Data:
Gross income from coal = $250,000
Income from trucking coal = $20,000
Royalty paid to Donny = $30,000
Taxable income on call excluding depletion = $40,000
Coal depletion rate = 10%
Lease agreement = $4/ton
Therefore:
brian's percentage depletion deduction for the current year is
= gross income x coal depletion rate
= $250,000 x 0.1
=$25,000
Answer:
To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.
Hope this helps!
