The city of watson reported $8,000 of deferred property tax revenues in its general fund at the end of its 2018 fiscal year. the 2018 deferred property tax revenues were collected during the last 10 months of the 2019 fiscal year. what worksheet journal entry should be made to prepare the city of watson’s 2019 government-wide financial statements?
a) revenues-property taxes $8,000
net position 8,000
b) revenues- property tax 8,000
deferred revenues-property taxes 8,000
c) deferred revenues-property taxes 8,000
revenues-property taxes 8,000
d) no entry is required

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?