Homework Answers
Please find the below matching as as follows:
| Column A | Column B | |
| Taxable Tips | = | $4150 Deduction in computing Taxable Income |
| Personal Allowance | = | $20 or more in a month |
| Backup with holding | = | withhold federal income taxes of 24 percent of payment made |
| Form 1099- Misc | = | Payments of atleast $600 to independent contractors |
| Roth IRA | = | Annual non deductible contributions of Upto $5500 |
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Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or mis matches. Matching 10-80 Part II Stockholders' Equity Terminology A list of terms and a list of definitions or examples are presented below. Match the list of terms with their appropriate definitions or examples. Clear All treasury stock Capitalizes retained earnings stock dividend Shares issued minus treasury shares preferred stock Shares that never earn dividends. outstanding shares Shares that may earn...
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the type of account with the business transactions that follow. Clear All None of these choices are correct. Unearned revenue Prepaid expense Received six months of rental payments from a tenant. Annual depreciation on equipment, recorded on a monthly basis. Paid six months of rental payments to the landlord. A contract to provide tutoring services beginning next month...
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct
matches. There is no penalty for incorrect or missing matches.
Match the following descriptions with the term (a-e) it
describes:
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following descriptions with the term (a-e) it describes: Clear All normal standard Favorable cost variance theoretical standard Unfavorable cost variance an example is the number...
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the type of account with the business transactions that follow. Clear All Received payment covering a 6-month magazine subscription. Prepaid expense Received 6 months of rental payments from a tenant. Accrued expense Annual depreciation on equipment, recorded on a monthly basis. Unearned revenue A contract to provide tutoring services beginning next month was signed. Accrued revenue Provided tutoring...
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. 1) Identify which inventory costing method (LIFO or FIFO) achieves the effect listed in the following items. Clear All Prices are rising; profits are higher with this method. LIFO Prices are rising; cost of goods sold is lower with this method. FIFO Prices are declining; income taxes are higher with this method. Prices are declining; gross margin is higher...
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Exercise 4-40 Internal Control Terminology A list of terms and another list of definitions and examples are presented below. Match the directly related definition or example with the each term. Required: Clear All Accounting controls Adequate documents and records Checks on recorded amounts Effective personnel policies Internal control structure Safeguards over assets and records Segregation of duties Company policy...
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the terms below for a cake factory to the type of cost. Clear All Depreciation on oven Conversion cost Sprinkles for the topping (considered an indirect material) Prime cost Wages of the baker Both prime cost and conversion Frosting
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following accounts with its proper account group from groups listed below. Clear All Dividends Stockholders' Equity Prepaid Insurance Revenue Unearned Rent Expenses Fees Earned Assets Patents Liabilities
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the items below for a cake factory to the type of cost. Clear All Depreciation on oven Sprinkles for the topping (considered an indirect material) Wages of the baker Frosting Both prime cost and conversion cost Conversion cost Prime cost
Scoring: Your score will be based on the number of correct matches. There is no penalty...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account. Clear All Copyrights Accounts Payable Credit side Accounts Receivable Debit side Interest Earned Common Stock
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or mis matches. Matching 10-80 Part II Stockholders' Equity Terminology A list of terms and a list of definitions or examples are presented below. Match the list of terms with their appropriate definitions or examples. Clear All treasury stock Capitalizes retained earnings stock dividend Shares issued minus treasury shares preferred stock Shares that never earn dividends. outstanding shares Shares that may earn...
Scoring: Your score will be based on the number of correct
matches. There is no penalty for incorrect or missing matches.
Match the following descriptions with the term (a-e) it
describes:
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the following descriptions with the term (a-e) it describes: Clear All normal standard Favorable cost variance theoretical standard Unfavorable cost variance an example is the number...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the type of account with the business transactions that follow. Clear All Received payment covering a 6-month magazine subscription. Prepaid expense Received 6 months of rental payments from a tenant. Accrued expense Annual depreciation on equipment, recorded on a monthly basis. Unearned revenue A contract to provide tutoring services beginning next month was signed. Accrued revenue Provided tutoring...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. 1) Identify which inventory costing method (LIFO or FIFO) achieves the effect listed in the following items. Clear All Prices are rising; profits are higher with this method. LIFO Prices are rising; cost of goods sold is lower with this method. FIFO Prices are declining; income taxes are higher with this method. Prices are declining; gross margin is higher...
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the terms below for a cake factory to the type of cost. Clear All Depreciation on oven Conversion cost Sprinkles for the topping (considered an indirect material) Prime cost Wages of the baker Both prime cost and conversion Frosting
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following accounts with its proper account group from groups listed below. Clear All Dividends Stockholders' Equity Prepaid Insurance Revenue Unearned Rent Expenses Fees Earned Assets Patents Liabilities
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account. Clear All Copyrights Accounts Payable Credit side Accounts Receivable Debit side Interest Earned Common Stock
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