In 2018, dfs medical supply collected rent revenue for 2019 tenant occupancy. for income tax reporting, the rent is taxed when collected. for financial statement reporting, the rent is recorded as deferred revenue and then recognized as income in the period tenants occupy the rental property. the deferred portion of the rent collected in 2018 amounted to $430,000 at december 31, 2018. dfs had no temporary differences at the beginning of the year. required: assuming an income tax rate of 40% and 2018 income tax payable of $980,000, prepare the journal entry to record income taxes for 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 1
Business, 22.06.2019 20:10, keem8224
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
Business, 23.06.2019 12:30, mya1318
Match each type of insurance with an example of when the insurance company would make a payment. a.liability coverageyou cause an accident that damages someone else's car. b.disability insuranceyou go to the emergency room after a car accident. c.renter's insuranceyour stereo and computer are stolen from your apartment. d.health insuranceyou have to take a month off from work because of a broken leg.
Answers: 3
In 2018, dfs medical supply collected rent revenue for 2019 tenant occupancy. for income tax reporti...
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