Based on the following events, complete the statements regarding the cash and accrual methods of accounting. a. Purchased new equipment, paying $50,000 cash and giving a note payable for $30,000 due next year. Both the cash and accrual basis taxpayers must capitalize the cost of the equipment, $ 2 , and recover the cost through depreciation over the class life of the asset. Feedback Income and deductions are placed within particular years through the use of tax accounting methods. The basic accounting methods are the cash method, accrual method, and hybrid method.
b. Paid $3,600 for a three-year service contract on the new equipment. Both the cash and accrual basis taxpayers must capitalize the prepaid expense and recover its cost through a three-year.

The new york stock exchange is an example of what type of stock market?

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not