Yes, the Smith family will receive financial benefits for the taxable year. When you adopt a child, there are parts of the adoption process that are tax write offs for the family. Depending on the money spent, the different fee's paid and what all went into the adoption certain parts will be a tax credit they can apply and use as a deduction. Most of the time the expenses have to be at or over a percentage of your income.
A definitive objective or reason behind mishap examination is to discover the underlying drivers of why the mischance happened so that if comparative examples happen later on viable controls or techniques can be set up to keep a reoccurrence of the mishap. Rodrigues and Cusic portray the reason behind mischance examinations as, "To help counteract mishaps, the NTSB creates and issues security proposals to other government offices, industry, and associations that are in a position to enhance transportation wellbeing."
Answer:
Explanation:
Outstanding number of days is the period over which the loan balance remains unpaid. Since this loan earns 5% interest, required adjusting entry for this company would be to Debit<em> interest expense</em> <em>account</em> and Credit the interest <em>payable account. </em>It is an accounting requirement that all expenses be debited . On the other hand, interest payable is the amount that a company owes a lender and is therefore credited as the corresponding journal entry to the interest expense .
Answer:
The ending inventory balance is $158,400
Explanation:
The computation of the amount that Plunkett should report in ending inventory is shown below:
= Ending balance - goods purchased under FOB destination - goods held on consignment
= $219,000 - $44,800 - $15,800
= $158,400
hence, the ending inventory balance is $158,400
we simply applied the above formula so that the correct value could come
I would say that Rose's idea is based on an analysis of the seniority of the employees and the time between their promotions and apparently is to help the longer term employees to obtain promotions and thus encourage them to strive to become even better employees perhaps in new positions.
