Nevada Company paid to the state $1,800 in sales tax that it had previously collected from customers.
Question:
1) Asset source
2) Asset use
3) Asset exchange
4) Claims exchange
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
2 Asset use Payment of sales tax of 1800 to state sales tax which is collected previously from cu...View the full answer
Answered By
Munir Ahmed Jakhro
I am professional Tutor of of Business Courses, I did my four years Bachelor Degree from one of the Top Business schools of World "Institute of Business Administration" in year 2013. Since then I have been working as Tutor of Accounting, Finance tutor on different online platforms like this website. I am have experience of 6 years teaching business courses to students online and offline my professional job at national savings also helped me in accounting understanding .
4.90+
8+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Question Posted:
Students also viewed these Corporate Finance questions
-
What type of transaction typically creates a note payable?
-
Larcker Logging Company is preparing a bid for the right to clear-cut a large parcel of state timberland. The bid will include a fixed annual stumpage fee to be paid to the state, and company...
-
One Product Corp. (OPC) incorporated at the beginning of last year. The balances on its post-closing trial balance prepared on December 31, at the end of its first year of operations, were: The...
-
Assuming @Weather is a valid repeatable annotation that takes a String, with its associated containing type annotation @Forecast, which of the following can be applied to a type declaration? (Choose...
-
A 0.900-V potential difference is maintained across a 1.50-m length of tungsten wire that has a cross-sectional area of 0.600 mm2. What is the current in the wire?
-
Evaluate the following integrals. 1 5 x(x+1) - dx
-
Baltimore Realty, Inc., had the following transactions for the month of June 2010. The following T-accounts have been set up, for Baltimore Realty, Inc., with their beginning balances as of June 1,...
-
For the past four years, three companies have dominated the soft drink industry, holding a combined 85 percent of market share. Won Cola, Inc., ranks second nationally in soft drink sales. Its...
-
a ) Sutera Business Sdn Bhd has recorded sales of 2 5 0 , 0 0 0 units at RM 1 2 in the financial year 2 0 2 2 . The operating costs of Sutera Business Sdn Bhd are as follows: Operating Variable cost...
-
Twenty observations on etch uniformity on silicon wafers are taken during a qualification experiment for a plasma etcher. The data are as follows: (a) Construct a 95 percent confidence interval...
-
Buckeye Healthcare Corp. is proposing to spend $186,725 on an eight-year project that has estimated net cash flows of $35,000 for each of the eight years. a. Compute the net present value , using a...
-
Next, recommend the skills that are required to be a successful Financial Analyst, indicating how the role of a Financial Analyst adds value to a company. Provide support for your answer. Assess the...
-
You are at the mall on the top step of a down escalator when you lean over laterally to see your 1.80-m-tall physics professor on the bottom step of the adjacent up escalator. Unfortunately, the ice...
-
The carrying case would be sold to the end consumer for $ 4 9 . 9 9 . Lisa will not sell directly to the consumer but will use a wholesaler who will sell to a retailer ( e . g . , university...
-
Monie Love Inc. began operations in January 2 0 2 0 and had the following reported net income or loss for each of its 5 years of operations: 2 0 2 0 $ 2 2 5 , 0 0 0 loss 2 0 2 1 $ 1 4 0 , 0 0 0 loss...
-
Marco Company shows the following costs for three jobs worked on in April. Job 3 0 6 Job 3 0 7 Job 3 0 8 Balances on March 3 1 Direct materials used ( in March ) $ 3 1 , 8 0 0 $ 3 7 , 8 0 0 Direct...
-
Starbucks (SBUX) Income Statement for 2018 contained the following financial data: Revenue Cost of Revenue Operating Expenses Interest Expense $22,387,000 $ 9,038,000 $ 9,452,000 $ 93,000 Using the...
-
The yield to maturity (YTM) on 1-year zero-coupon bonds is 5% and the YTM on 2-year zeros is 6%. The yield to maturity on 2-year- maturity coupon bonds with coupon rates of 12% (paid annually) is...
-
The Heath Company has 60,000 shares of stock that each sells for $45. Suppose the company issues 9,000 shares of new stock at the following prices: $45, $25, and $15. What is the effect of each of...
-
In Exercises evaluate the limit, using LHpitals Rule if necessary. lim 07x cos x X
-
Draw the structures of the two carbocation intermediates that might form during the reaction of 2-methylpropene with HBr (Problem 5.40). Well see that the stability of carbocation depends on the...
-
The ground-state energy of an electron trapped in a one-dimensional infinite potential well is 2.6eV. What will this quantity be if the width of the potential well is doubled?
-
An electron, trapped in a one-dimensional infinite potential well 250 pm wide, is in its ground state. How much energy must it absorb if it is to jump up to the state with n = 4?
-
In backflush costing, if the conversion cost in the Raw and In Process was P500 on July 1 and P1,000 on July 31, the account to be credited at the end of July for the P500 increase would.
-
When joint costs are allocated according to each item's relative proportion of weight at split-off point, what method is used?
-
A manufacturing company runs two productions centers C1 and C2 and two services centers S1 and S2. The total allocations and apportioned overheads for each is as follows. C1. C2. S1. S2. $. $. $. $...
Study smarter with the SolutionInn App