Business, 10.05.2021 19:30 izabelllreyes
During November 2010, Asler Inc., performs consulting services. The client does not payAsler until January, 2011. a. Using the accrual basis of accounting, the revenue is reported in January 2011. b. Using the cash basis of accounting, the revenue is reported in November 2010. c. Using the accrual basis of accounting, the revenue is reported when Asler's expenses are paid. d. Using the accrual basis of accounting, the revenue is reported in November 2010. e. None of the other choices are correct
Answers: 1
Business, 21.06.2019 20:30
Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:
Answers: 3
Business, 22.06.2019 11:10
The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
Answers: 2
Business, 22.06.2019 18:00
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
During November 2010, Asler Inc., performs consulting services. The client does not payAsler until J...
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