Sole proprietor Samenvattingen, Aantekeningen en Examens

Question 2 Not yet answered Marked out of 1.00 Flag question Question text The transactions are summarised in the ledgers and contain the information such as names of parties to the transaction, description of transactions, source document numbers etc. Select one: True False Question 3 Not yet answered Marked out of 2.00 Flag question Question text Use the following information to answer the question below: SA Traders is a business that sells electronic equipment. The entity i...

Section 79 - Answer- The annual cost of insurance can represent taxable income to the employees Section 83 - Answer- Taxation of property transferred in connection with the performance of services Section 125 - Answer- Permits the adoption of cafeteria or flexible benefit plans and provides that an employee can choose between taxable and non taxable compensation elements without problems of constructive receipt if certain conditions are met. Constructive Receipt - Answer- Income that is...

the transfer of an insured's right to seek damages from a negligent party to the insurer is found in which of the following clauses? correct answer: Subrogation the purpose of managed care health insurance is to correct answer: control health insurance claims expenses a man works for company A and his wife works for company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a claim correct answer: the ins...

Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider What benefit does the payor clause on a Ju...

Angel has an AGI of $85,000 without considering the sale of a nondepreciable asset for $35,000. The asset was acquired five years ago and has an adjusted basis of $50,000. She has no other sales or exchanges. Determine Angel's AGI for the following independent situations when the asset is: A capital asset § 1231 asset - 82,000 - 70,000 A owns invest land with an adjusted bases of 50000 FMV of 70000 subject to a mortgage of 15000. B owns investment land with an adjusted basis of 60000 FMV...

1. Peter owns a barber shop. His total monthly cost is $3,500.00. He charges $15.00 per hair cut. How many hair cuts must his shop perform to break-even? ~ Answer: 234 2. TRUE OR FALSE: Fixed Costs change depending on the volume of production. ~ Answer: False 3. Which 2 types of information may be found on a profit and loss statement? ~ Answer: Revenue / Expenses 4. TRUE OR FALSE: Customer Retention Rate is the percentage of existing customers who remain custo...

Superior 303 NC Law and Rules Exam Questions and Answers sole proprietor -Answer-Full broker not affiliated with another firm Can not Advertise Can not hire other licensees Can not hold a trust account Would have to become a BIC in order to 'do it all' How long is BIC eligible status valid for? -Answer-12 months must take BIC update instead of general update each year that will renew eligibility to continue being BIC eligible Who is responsible for the advertising? -Answer-BIC Who i...

RDHAP can practice as... Correct Answer Employee of DDS or another RDHAP, as independent contractor, as sole proprietor of AP practice, as employee of primary care clinic, as employee of clinic owned or operated by public hospital or health system, as employee of clinic owned and operated by hospital that maintains primary contact with county government to fill county's role RDHAP can practice at.... Correct Answer A) residences of home bound B) schools C) residential facilities and other i...

Dental Jurisprudence Exam Questions With Complete Solutions Precedent -ANSWER an earlier event or action that is regarded as an example or guide to be considered in subsequent similar circumstances. Common Law -ANSWER a system of law based on precedent and customs based on common sense constitutions -ANSWER basic rights and duties of the government to its people serves as a framework only and each law enacted must be constitutional statues and ordinances -AN...

100% SOLUTIONS FOR FAC1601 QUESTIONS ANSWERED Which of the following statements is correct: 1. A liability is a future obligation of a reporting entity to transfer an economic resource as a result of a past event. 2. The accounting equation is: Liabilities + Assets = equity 3. The value of a reporting entity lies in the net assets (assets minus liabilities) under its control. 4. Equity is the residual interest in the assets of the entity after deducting all the expenses.Question text The d...

AFSB 152 - The Institutes Practice Exam Questions and Answers 2023 Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? • Heavy and highway construction • General Engineering contractor • General Building contractor • Design/build contractor - Correct Answer-Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Hig...