Which of the following do NOT pay taxes on the business income through their individual owners?
A) S-corporation
B) Sole proprietorship
C) Partnership
D) Corporation
D) Corporation
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If all of the following are provided for by a lease contract, which one is not included in minimum lease payments for the lessee?
A) ?payments resulting from failure to renew the lease B) ?unguaranteed residual value C) ?bargain purchase price D) ?guaranteed residual value
Chips-n-Bits Company sells service contracts for personal computers. The service contracts are for a one-year, two-year, or three-year period. All sales are for cash and all receipts are credited to Unearned Service Contract Revenues. This account had a balance of $144,000 at December 31 . 2012 . before year-end adjustment. Service contract costs are charged as incurred to the Service Contract
Expense account, which had a balance of $36,000 at December 31 . 2012 . Service contracts still outstanding at December 31 . 2012 . expire as follows: During 2013 ............................................. $30,000 During 2014 ............................................. 45,000 During 2015 ............................................. 20,000 What amount should be reported as unearned service contract revenues in Chips-n-Bits December 31 . 2012 . balance sheet? a. $49,000 b. $59,000 c. $95,000 d. $108,000
The average difference between the pay of men and women in a given context is referred to as which of the following:
a. gender pay gap b. gender reward difference c. gender pay disparity d. gender reward inequality
JetSky Airways has three divisions, the Western Division, the Eastern Division, and the Northern Division. The manager of the Western Division had wanted to purchase replacement airplanes for the division. However, he decided against it because, although revenues would increase and the new planes would be less expensive to operate, the initial cost of the planes was quite large. The Western
Division is most probably accounted for as a A) cost center. B) revenue center. C) profit center. D) investment center. E) none of these.