What is a permanent account? On which financial statement are permanent accounts reported?
Question:
What is a permanent account? On which financial statement are permanent accounts reported?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (21 reviews)
A permanent account is an account in which the balance is brou...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What is a permanent difference? Give two examples.
-
What is a permanent establishment and why is it an important part of most income tax treaties?
-
Indicate on which financial statement (that is, balance sheet, income statement, or statement of comprehensive income) each of the following accounts would be reported if the investor is a public...
-
In a 1994 study, 164 pregnant, HIV-positive women were randomly assigned to receive the drug AZT during pregnancy and 160 such women were randomly assigned to a control group that received a placebo....
-
1. Compute the amount of interest during 2015, 2016, and 2017 for the following note receivable: On June 30, 2015, Scotiabank loaned $100,000 to Heather Hutchison on a two-year, 8% note. 2. Which...
-
Bedard Corporation reported net income of $300,000 in 2023 and had 200,000 common shares outstanding throughout the year. Also outstanding all year were 45,000 (written) options to purchase common...
-
Consider a 3 -year \(10 \%\) coupon bond. The underlying short rate of interest follows a lattice with initial value of \(R=1.15\) and then has an factor of 1.02 , a down factor of .99 , and...
-
Ethylene glycol flows at 0.0 I kg/s through a 3-mm-diameter, thin-walled tube. The tube is coiled and sub-merged in a well-stirred water bath maintained at 25C. If the fluid enters the tube at 85C,...
-
The short-term financing policies can be flexible or restrictive. Discuss THREE (3) advantages and TWO (2) disadvantages of the Restrictive policy.
-
You have just won the lottery and have a choice of receiving a lump sum of $1,000,000 or an annuity of $100,000 per year for 15 years. If the appropriate discount rate is 8%, which alternative would...
-
Identify the sources of the information needed to prepare the balance sheet.
-
Name three types of temporary accounts.
-
What will Home Depots D/E ratio based on book values be after it issues new debt and repurchases stock? What will its market value D/E ratio be?
-
Could you elaborate on the intricate balance between transparency and confidentiality in sensitive industries such as finance and healthcare, and how organizations navigate this delicate equilibrium ?
-
What are the nuanced differences between transparency as a corporate governance principle and transparency as a strategic business imperative, and how do they intersect within organizational...
-
In a recent year, Sheridan Corporation reported net income of $208000, interest expense of $54000, and income tax expense of $89000. What was Sheridan's times interest earned for the year?
-
Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $188,000 salary working full time for Angels Corporation. Angels Corporation reported $432,000 of...
-
What is the output of the following programs: (2.1) (5 points) Write the output of the following Java program below 1 package sweetpattern; 2 public class SweetPattern 3 { 4 7 public static void...
-
In your opinion, how is the future of the pizza industry in terms of order, production, and delivery?
-
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
-
Developed countries with high food price tariffs tend to have lower prevalence rates of obesity. Indicate whether each statement is true or false, and justify your answer.
-
Journalize the discounted note for April from Exercise 5. In Exercise 5, April Co. received a $30,000, 4%, 60-day note from Lucky Co. dated August 6. On August 30 Lucky discounted the note at Better...
-
If Lucky Co. defaults on the note from Exercise 5, what would be the journal entry for April Co., assuming a $10 protest fee? In Exercise 5, April Co. received a $30,000, 4%, 60-day note from Lucky...
-
If Lucky Co. defaults on the note from Exercise 5, what would be the journal entry for April Co., assuming a $10 protest fee? In Exercise 5, April Co. received a $30,000, 4%, 60-day note from Lucky...
-
Consider the system U(s)G(s) 20 Y(s) with transfer function G(s) = . . Let u(t) and y(t) be the s+2s+10 inverse Laplace transform of U(s) and Y(s), respectively. (2a) Find the differential equation...
-
3. Use the math handbook page, located in the Appendix (~p89), to determine the first five frequencies of the series and their amplitude coefficients for the two waveforms shown below. Modify the...
-
4. Consider a mass-spring system where M = 2 and k = 8. (a) Express the general solution for this system. (You may have to refer to your ME 391 textbook.) (b) Say that M = 2 kg and k = 8 N/m,...
Study smarter with the SolutionInn App