1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vagabundo [1.1K]
2 years ago
13

What is the income threshold for self-employed workers to file a tax return.

Business
1 answer:
Stolb23 [73]2 years ago
6 0

Answer:

$400 or more

Explanation:

You might be interested in
The beginning and ending balances of retained earnings for the year were $30,000 and $35,000 respectively. If dividend payments
Keith_Richards [23]

Answer and Explanation:

The computation of the net income or loss for the year is shown below:

As we know that

Ending retained earnings balance = beginning retained earning balance + net income or net loss - dividend paid

$35,000 = $30,000 +  net income or net loss - $13,000

$35,000 = $17,000 + net income or net loss

So, the net income or net loss is $18,000

This is an answer but the same is not provided in the given options

7 0
3 years ago
Merchandise is ordered on june 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by th
scoundrel [369]

June 18th.

The date that the buyer receives the item is not important for the credit period, which starts the day the items are send out and invoiced.

4 0
3 years ago
What is the best answer choice
Scrat [10]
The answer to that would be B.
3 0
3 years ago
Plush Corporation purchased 100 percent of Common Corporation’s common stock on January 1, 20X3, and paid $450,000. The fair val
Oxana [17]

Answer:

Please refer the detail answer in the memo below

Explanation:

Date: 24 January 20XX

Subject: Review of Impairment of Goodwill

From: External Auditors

To: Chief Accountant, Plush Corporation

Upon review of the investment made by your company in Common Corporation, we believe that there are possible indications of the impairment of the goodwill initially recognized in the books upon acquisition.

At the time of Acquisition:

Consideration = $450,000

Fair Value of Net Assets = $430,000

Goodwill = $450,000 - $430,000 = $20,000

The new guidance issued by FASB, requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value.

However, if we follow the previous guidance of FASB, we have to test the impairment with the following three steps:

Step 1: We will compare the carrying amount of the net assets with the Fair value of Reporting Unit, and if the carrying amount exceeds the fair value, we will record the impairment.

Step 1: We will compute, implied value of goodwill by comparing the fair value of the reporting unit with the fair value of the identifiable net assets, if FV of net assets are higher, then there is no impairment, otherwise we will jump to Step 3.

Step 3: If the calculated implied value of the goodwill is lower than the actual goodwill at acquisition, than the difference is the impairment loss, however in case the implied value of the goodwill is higher than the actual goodwill at acquisition, no impairment shall be recorded.

Apparently, since the fair value of Common had increased to $485,000, there is no need to recognize the impairment loss on goodwill; however we believe that the estimated fair value of Common is less than the $430,000 and therefore impairment should be recorded.

7 0
3 years ago
The amount of oil that is economically feasible to extract from a deposit using current technology is known as ______ oil reserv
strojnjashka [21]

Answer: Proven oil reserves

Explanation:

Proven oil reserves are those that humans can extract oil from given our current technological and economic situations.

Under Proven oil reserves there are those that are Proven developed and those that are Proven Underdeveloped. Proven Developed ones can be extracted from as they come from already existing wells. Proven Underdeveloped however would need further investment to get them ready.

6 0
3 years ago
Other questions:
  • What is the relationship between a good's price and the amount that people are willing to buy?
    12·1 answer
  • If a stock's dividend is expected to grow at a constant rate of 5% a year, which of the following statements is CORRECT? The sto
    7·1 answer
  • where x1 and x2 represent number of units of production of basic and advanced iPods, respectively. Production time required for
    11·1 answer
  • Peggy, a foreman at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours fo
    7·1 answer
  • Which of the following is not an example of price discrimination by the only movie theater in town?
    11·1 answer
  • If there’s a 40% chance of making $1 million and a 60% chance of losing $600,000, then the expected monetary outcome is
    12·1 answer
  • Which is a way that companies attempt to get consumers to buy their products instead of their competitor's products? 1. market r
    9·1 answer
  • 1. The Lounge Company manufactures slippers and sells them at $10 a pair. Variable manufacturing cost is $4.75 a​ pair, and allo
    12·1 answer
  • Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of
    9·1 answer
  • Costs and benefits that should be ignored when making decisions are called ______ costs and benefits.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!