Certain adjusting entries made at the end of an accounting period are reversed at the beginning of the following period. Required:
1. Analyze the following four adjusting entries made on December 31, and determine whether a reversing entry is needed.
Date Description Debit Credit Reversing entry necessary Reversing entry not necessary
Dec. 31: Taxes Expense 1,750 Taxes Payable 1,750
31 Deferred Rent Revenue 1,550 Rent Revenue 1,550
31 Accounts Receivable 2,000 Service Revenue 2,000
31 Utilities Expense 565 Utilities Payable 565

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.