Determine the effect of the listed transactions of nikea inc. on the accounting equation. nikea inc. provided advisory services to xyz inc. in may 2013. nikea billed xyz for $10,000 in the same month (may). the sales invoice shows that the amount will be due in june. a. in may 2013, nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000. what is the effect of this entry on the accounting equation?

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?

How can a company salesperson with product development