Karen's Kitchens renovates Mark's old kitchen. Mark only pays part of his bill. To help try to collect the rest of the money owed her, Karen may obtain:

a. a writ of certiorari b. an artisan's lien
c. a distraint lien
d. a lien of circumstance
e. none of the other choices


e

Business

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Though a piece of equipment is still being used, the equipment should be removed from the accounts if it has beenfully depreciated

a. True b. False Indicate whether the statement is true or false

Business

You are the accountant for a corporation whose net income before taxes was $1,915,400. Find the tax liability using the Corporate Tax Rate Schedule, Exhibit 18-6 from your text.

A. $113,900 B. $537,336 C. $651,236 D. $1,580,400

Business

Given the table below, indicate the impact of the following errors made during the adjusting entry process. Use a "+" followed by the amount for overstatements, a "-" followed by the amount for understatements, and a "0" for no effect. The first one is done as an example.Ex. Failed to recognize that $600 of unearned revenues, previously recorded as liabilities, had been earned by year-end.1. Failed to accrue interest expense of $200.2. Forgot to record $7,700 of depreciation on machinery.3. Failed to accrue $1,300 of revenue earned but not collected. Error  Revenues   Expenses  Assets   Liabilities  EquityEX-$60000+$600-$6001. ________ ________ ________ ________ ________2. ________ ________ ________ ________ ________3. ________ ________ ________ ________

________ What will be an ideal response?

Business

IRA contributions

A) are always tax-deductible. B) were once tax-deductible, but are no longer tax deductible. C) have never been tax-deductible. D) are in some situations tax-deductible and in other situations not tax deductible.

Business