Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Saralisa City, which operates on a calendar year basis, obtains 40 percent of its revenues from personal income taxes. Employers are required to withhold taxes from the earnings of city residents and remit them to the city monthly. City residents must also make payments, if necessary, with quarterly tax estimates. No later than April 15 of the following year, residents must file tax returns, remitting any additional taxes due to the city or claiming refunds of overpayments.Saralisa accounting policies call for recognizing taxes obtained from income earned during a particular calendar year provided the taxes are received during the year or before April 30 of the following year; income taxes received after April 30 are recognized as revenues of the year in which received. Prepare journal entries to record the following transactions and events related to calendar year 2012:1. During 2012 Saralisa receives $ 3,250,000 from personal income taxes withheld by employers during the year and estimates filed by taxpayers during the year.2. In January 2013, before the financial statements for 2012 are prepared, Saralisa receives $ 400,000 from employers and tax payers based on taxpayer earnings during the latter part of 2012.3. Saralisa comptroller estimates that the city will receive $ 55,000 with the 2012 tax returns (due April 15, 2013), as well as requests for refunds totaling $ 275,000. The comptroller also estimates that $ 28,000 will trickle in after April 30 with tax returns filed by late filers.
What financial statements must be presented by a government university that engages in only business-type activities? Is there a GASB or FASB requirement that mandates this type of implementation?
magpie corporation uses the total cost concept of product pricing. below is cost information for the production and
1 the statement of cash flows is used for . a. showing the relationship of net income to changes in current assets b.
at year end dubs wind generator co. had a 40000 debit balance in its manufacturing overhead control account. overhead
What were the corporate scandals that led to its creation
1. a revenue variance is favorable if the revenue in the static planning budget exceeds the revenue in the flexible
jones corporation owns 10 of the common stock of sayles company as a result of a stock purchase on january 1 2010 and
In what circumstances would each approach to stakeholder impact analysis (moral standards, five-question, and Pastin's approach) be most useful? Summarize the approaches and describe when each would be most or least useful.
Prepare an income statement with a supporting cost of goods sold statement - Prepare Statements for a Merchandising Company
If 16,000 units of materials enter production during the first year of operations, 12,000 of the units are finished, and 4,000 are 75% completed, the number of equivalent units of production would be 15,000.
Explain how depreciation relates to the matching principle.
Ganzalez, Inc., manufactures stereo speakers in two factories: one in Vandalia, Illinois and another in Modesto, California. The Vandalia factory uses DL$ for its overhead rate and the Modesto factory uses machine-hours (MHs) for its overhead rate..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd