Question 49 Which of the following statements are true? Only business meals for the convenience of the employer are deductible. Business meals that qualify are subject to the cutback adjustment at 50 All business meals are fully deductible at 100%. usiness meals for employees are never deductible.

Q: how does it became an over applied OH? how will you know that it is under or over applied OH?

A: Lets understand the basics. When applied overhead is more than actual overhead then it is known as…

Q: THE SMITH COMPANY Using the business transactions below, complete T-accounts for the Smith Company.…

A: T Accounts    1. Cash Account Particular Debit Particular Credit         To capital A/c…

Q: 4 An individual circumstance or consideration to weigh when making a decision is called a/n AO Rule.…

A: The correct answer is:C) Factor.Explanation:An individual circumstance or consideration to weigh…

Q: minimum required rate of return

A: Residual income is actually the excess of net income above the minimum required return. Here, the…

Q: mni.4 answer must be in proper format or i will give down vote

A: Approach to solving the question: post the question  Detailed explanation: Post the question and the…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: Explain preemptive right

A: Answer: A pre-emptive right is a benefit that can be granted to other owners in a company that gives…

Q: How was the answer attained for question 4

A: In 4th point mortgage interest @5% is given. The rate of 5% is annual rate. The mortgage is taken on…

Q: What is the after announcment?  This is from question a.

A: Debt Value = $2,700,000Current Debt-to-equity ratio = 30%Increased Debt-to-equity ratio = 50%EBIT =…

Q: Last question help

A:

Q: What is the Rule of 72? How is knowing this concept helpful to you?

A: The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed…

Q: im.2 answer must be in proper format or i will give down vote

A: When it comes to writing essays or papers, this are the things you have to consider: FORMAT:1.…

Q: Explanation 1031 like-kind exchange

A:

Q: Why is a preemptive right important?

A: Preemptive rights means the rights to  be offered to purchase a property before it is offered to…

Q: question 33

A: Traditional IRA is one of the plans which are used by the taxpayers so that the tax amount which is…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: In an acquisition where 100% control is acquired, how would the land accounts of the parent and the…

A: A consolidated financial statement is a financial report that combines the financial statements of…

Q: What is this question answer?

A: Net realizable value = Estimated Selling Price -  Cost of Completion and Disposal where, Cost of…

Q: Why option A is incorrect?

A: revenue is generated by the business whenever  goods or services are sold by the business.this leads…

Q: When is independence required?

A:

Q: What are asserts

A: What are assets?

Q: Could someone answer situation B?

A: To determine the cash payment to suppliers, you need to consider the change in accounts payable…

Q: as fortuitous event? J

A: The pandemic issue has caused in an increase in breach of contract processes worldwide,…

Q: can i please get a correct answer for that question

A: The statement of comprehensive income is computed by adding the net income – which is found by…

Q: How about the last question?

A: Here,Operating Cash Flow is $63,745Cash Flow to Creditors is $22,100Cash Flow to Stock Holders is…

Q: two questions

A: Prepare an income statement.

Q: Prior (Past) service cost is expensed immediately using which of the following? a. U.S. GAAP. b.…

A: Prior or past service cost refers to the changes in the PV of defined benefit obligations due to the…

Q: how do you calculate the answers for question a

A: On reading the 4th line of the question, we came across a statement "The company currently absorbs…

Q: Can you answer part 4

A: Stock beta = 1.38 Expected return = 13.6% Risk free rate = 4.7%

Q: what is State indebtedness

A: Any obligations and liabilities for borrowed money created, issued, or incurred by the Purchased…

Q: Question No 01                                                                   What is a…

A: Partnership- It is an agreement between two or more people to contribute capital to a business,…

Q: i did ask for a certain question to be resolved question 2b

A: High low method is used to segregate the semi variable or mixed cost into two separate costs i.e.…