Discuss with whom economic nexus relates to

Assignment Help Accounting Basics

Reference no: EM132449914

1. Economic Nexus relates to
a) A new way for states to connect to transactions in order to collect tax
b) A way to research law related matters
c) A connection for sales tax transactions only
d) None of the above

2. ABC in order of transaction: purchases 5 units of inventory at a $1,000/unit. Then ABC purchases 4 units at $1,100/unit Then Sells 2 units of inventory at a price of $1,500/unit. The Lower of Cost or Market suggests a replacement cost at the balance sheet date of $1,050/unit. ABC uses perpetual LIFO.

Reference no: EM132449914

Questions Cloud

What amount is basic earnings per share for the year ended : Net income for year 2 totaled $236,000. What amount is basic earnings per share for the year ended December 31, year 2

Discuss the risks of avoiding confrontation : Discuss the risks of avoiding confrontation with a problem employee.Use at least two (2) academically reviewed journal articles as research for your response

Request a review of decisions made by administrative : Both employers and employees have a right to contest citations and penalties and to request a review of decisions made by administrative law judges

What is the name of the act of congress that was passed : What is the name of the Act of Congress that was passed in response to the Jack- in- Box fatal food poisoning outbreak?

Discuss with whom economic nexus relates to : ABC in order of transaction: purchases 5 units of inventory at a $1,000/unit. Then ABC purchases 4 units at $1,100/unit Then Sells 2 units of inventory

Prepare the journal entries for these transactions : Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value of $2 per share

Using relevant examples discuss how african traditional : Using relevant examples discuss how African Traditional and Religious Practices enable them to live in harmony with their environment

What are acids and bases : What are acids and bases? Describe the two terms giving examples that you commonly use. Explain the term ‘pH', its equation

How does the correlate with IPO puzzle : How does this correlate with IPO puzzle(s) and historical data on IPO performances? Do you think recent IPOs in general support existence of these puzzles?

User Account

All Pages