Answer:
c. rise, interest rates to rise, and the dollar to appreciate
Explanation:
Answer:
An artisan uses local wood from a sustainable tree farm to make products.
(third option listed)
Explanation:
<em>Producing </em>is the actual making of something, and so the question of "How to produce?" can be best answered by an explanation of the production process.
So, "An artisan uses local wood from a sustainable tree farm to make products." describes the process of production--how the artisan is making their products.
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Evidence of one's claim to authority or competence, such as a diploma, degree, certification, or license is known as the credential.
<h3>What is the evidence?</h3>
Evidence is the term that means to show or to prove that a particular thing is true or is in existence. For better understanding, a few illustrations can be taken. Like They found evidence of a robbery, in the room footprints of three persons present, and many more.
In any courtroom for making the case strong, one has to present evidence that is real like fingerprints, blood samples, DNA, a knife, a gun, and other physical objects.
There are basically two types of evidence, which include Oral and Documentary evidence. Documents that include electronic records are documentary evidence.
Thus, all the names given in the statement are of documentary evidence or credential.
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Answer:
Dr. Cr.
Sale
Account Receivable $300,000
Inventory $210,000
Deffered Gross Profit $90,000
Payment Receipt
Cash $135,000
Account Receivable $135,000
Profit Recognition
Deffered Gross Profit $40,500
Relaized Gross Profit $40,500
Explanation:
On sale a receivable is recorded and goods has been transferred to customer and its cost is been deducted from inventory. The Gross profit is deferred until the receipt of payment.
Deferred Profit = $300,000 x 30% = $90,000
Inventory cost = $300,000 - $90,000 = $210,000
Cash received from the customer, profit proportionated to the the cash receipt is realized gross profit.
Realized Profit = $135,000 x 30% = $40,500
Answer:
a. Income Tax Expense (Dr.) $298,000
Deferred Tax (Dr.) $30,000
Income Tax Payable (Cr.) $328,000
Explanation:
b. Income Tax expense (Dr.) $30,000
Allowance to reduce deferred tax value to NRV (Cr.) $30,000
Income tax payable is calculated based on tax rate of 40%.
$820,000 * 40% = $382,000