How would each of the following items

be reported on the balance sheet?

(a) accrued vacation pay. (i) gift certificates sold to customers but not yet redeemed.

(b) estimated taxes payable. (j) premium offers outstanding.

(c) service warranties on appliance sales. (k) discount on notes payable.

(d) bank overdraft. (l) employee payroll deductions unremitted.

(e) personal injury claim pending. (m) current maturities of long-term debts to be paid from current assets.

(f) unpaid bonus to officers. (n) cash dividends declared but unpaid

(g) deposit received from customer to guarantee performance of a contract (o) dividends in arrears on preferred stock

(h) sales taxes payable. (p) loans from officers.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.