differecne between 401K and a 401B

Q: July 1, 2020, Tealight Company issued 2,000 $1,000 bonds at 103. Each bond was issued with one…

A: when the company is selling bonds with detachable stock warrants , in such scenario the company…

Q: Ind Times -Interest-earned(TIE)

A: Times interest earned is an important leverage ratio. This ratio is also called the interest…

Q: Define Accrued liabilities.

A: Liability are the obligations owed by an organization to the outsiders. Liabilities are classified…

Q: Question 10 of 18 Which of the following increases the reported receivables in the financial…

A: Financial Statements are the statements presented to provide the information about the company’s…

Q: The following accounts appear in the ledger of Sheridan Ltd. after the books are closed at December…

A: The equity section of a company's financial statements represents the residual interest of its…

Q: 5 Examples of Income Items derived from whatever source

A: 'Income from Other Sources' is one of the five types of income subject to taxation, according to the…

Q: Define Net purchases.

A: Purchase discounts: The sellers offer a reduction in purchase price on initial purchases, to…

Q: Identify whether the following elements are elements under U.S. GAAP, IFRS, or both, and…

A: U.S GAAP means generally accepted accounting principles formed in united states country. IFRS means…

Q: prepaid expense meaning

A: Under Accrual concept of accounting incomes and expenses are recognized as and when they occur.…

Q: Transfer payments include i. social security benefits ii. medicare and medicaid benefits iii.…

A: Transfer payment is the payment by the government for which nothing has not been received in return.…

Q: What do credit terms of 4/10, n/30 mean in regard to a purchase? --... -.--

A: Purchase is the term used by the entity to record the purchase of inventory for the resale in the…

Q: Current Attempt in Progress Data relating to the balances of various accounts affected by adjusting…

A: Working for entry 1 : Interest revenue in books = $ 8950 Interest revenue received related to 2020 =…

Q: Accounts with normal credit balances include:

A: Credit to an account represents either increase in liability or decrease in asset

Q: 6. Explain: "agency debt"

A: Agency debt refers to bonds that are issued by government-sponsored entities (GSEs) such as Fannie…

Q: On January 1, 2025, Sheridan Company makes the two following acquisitions. 1. 2. Purchases land…

A: Time Value of Money :— According to this concept, value of money in present day is greater than the…

Q: Credit terms of 1/10, n/30 means

A: Solution...   Meaning of cash discount.  It is a reduction in payment offered to customer to induce…

Q: Question 7 Which 4 transaction types can be made into recurring templates? Transfer Deposit Bill…

A: Recurring transactions are those transactions where one can setup transactions to record…

Q: Which item is assumed to be 100 in case of common size balance sheet?

A: Common size financial statements:These are the financial statements in which all the items are…

Q: 76. What is nature of Capital account? A. O Debit B. O Credit C. O Expenses D. O Loss

A: The balance sheet represents the Financial position of the business with assets and liabilities on a…

Q: Question 2 of 10 A savings account that is insured by the FDIC/NCUA means it can be used only in an…

A: In the context of the given question, we are required to find the correct option from the available…

Q: Service revenue belongs on which financial statement?

A: Service revenue is in the nature of Revenues account. Therefore, the Balance of Service revenues…