A-z construction company was organized on may 1 of the current year. on may 2, a-z construction prepaid $18,480 to the city for taxes (license fees) for the next 12 months and debited the prepaid taxes account. a-z construction is also required to pay in january an annual tax (on property) for the previous calendar year. the estimated amount of the property tax for the current year (may 1 to december 31) is $45,000.journalize the two adjusting entries required to bring the accounts affected by the two taxes up to date as of december 31, the end of the current year.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

On average, someone with a bachelor's degree is estimated to earn times more than someone with a high school diploma. a)1.2 b)1.4 c)1.6 d)1.8

What is the sequence of events that could lead to trade surplus