Business
Business, 06.03.2020 11:05, apalacios3503

The taxpayer had incorrectly been using the cash method of accounting. For 2019, the company voluntarily changed to the accrual method. The adjustment due to the change in method as calculated at the beginning of 2019 was $120,000 (positive). The adjustment as calculated as of the end of 2019 was $80,000 (positive). As a result of the change in method, the company must:

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 15:30, samiyahbass
What is "staffing level"? a) the practice of assigning the same number of workers to each department b) the average educational level attained by employees of a business c) the rank above cashier d) the number of workers assigned to jobs at a particular time
Answers: 2
image
Business, 21.06.2019 21:00, kenneditomejia
Which of the following statements is correct? a) 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 corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships. c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability
Answers: 2
image
Business, 23.06.2019 00:30, landofliam30
Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not
Answers: 3
image
Business, 23.06.2019 21:00, zakwanasim123
Which guideline will keep a mission statement relevant even in changing times?
Answers: 3
Do you know the correct answer?
The taxpayer had incorrectly been using the cash method of accounting. For 2019, the company volunta...

Questions in other subjects: