Unearned income - Study guides, Class notes & Summaries
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Wall Street Prep Premium Exam (Accounting & Financial Statement Analysis Exam) 2023. Questions with 100% correct Answers& Rationale GUARANTEED A+ SCORE
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Question 1 
 
Assume US GAAP to answer this question. 
 
In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 million in wages were earned and $7 million in cash wages were paid. Cash wages were used to first pay wages earned in 2017 with the remainder used to pay wages earned in 2018. Any earned but unpaid wages will be paid during the first quarter of 2019. Using only the information provided, which of the following statements is most accurate? 
•	Liabilities inc...
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers,100% CORRECT
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers 
 
Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities 
 
CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads 
 
Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...
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HRB FINAL EXAM
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What is the Difference between earned income and unearned income? - Answer- Earned income is received for services performed. Examples are wages commissions, tips and generally farming and other business income . Taxable income other than that received for services performed. Unearned Income includes money received ro the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions alimony, unemployment compensation and other income that is not ear...
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved Report a $3500 sale on account Debit: Accounts Receivable $3500; Credit: Service Revenue $3500 
Journalize depreciation for the equipment that is $5,000 Debit: Depreciation Expense $5000; Credit: Accumulated-Depreciation Equipment $5000 
Journalize the adjusting entry for an employer that owes $1300 for payroll on Jan 10, 2021, for the payroll period ending December 31, 2020. Debit: Salaries and Wages Expense $1300; Credit:...
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EDPNA Exam Test Questions and Verified Answers with Rationales (2023/ 2024 Update)
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EDPNA Exam Test Questions and Verified Answers with Rationales (2023/ 2024 Update) 
 
Question: 
Travis is 22 and lives with his mom and dad at their home. They do not have an agreement for Travis to pay rent for his room or for him to pay for his portion of the utilities or food. Will SSA consider this "unearned" income? 
 
 
Answer: 
In-Kind Support 
Rat: Yes, SSA will consider this arrangement "in-kind" support which is a form of "unearned" income. 
 
 
 
Question: 
Travis is 22 and liv...
And that's how you make extra money
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Wall Street Prep The Premium Package Review: Accounting & Financial Statement Analysis Exam Latest 2023/2024 Questions and Answers (Score: 95%, 38 correct out of 40).
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Wall Street Prep The Premium Package Review: Accounting & Financial Statement Analysis Exam Latest 2023/2024 Questions and Answers 
(Score: 95%, 38 correct out of 40). 
Score: 95%, 38 correct out of 40 
Question 1 
Assume US GAAP to answer this question. 
In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 
million in wages were earned and $7 million in cash wages were paid. Cash wages 
were used to first pay wages earned in 2017 with the remainder used to pay wages...
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HRB FINAL EXAM QUESTIONS & ANSWERS What is the Difference between earned income and unearned income?
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HRB FINAL EXAM QUESTIONS & ANSWERS 
 
 
What is the Difference between earned income and unearned income? - ans-Earned income
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HRB FINAL EXAM QUESTIONS & ANSWERS What is the Difference between earned income and unearned income?
- Exam (elaborations) • 34 pages • 2024
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HRB FINAL EXAM QUESTIONS & ANSWERS 
 
 
What is the Difference between earned income and unearned income?
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XCEL Final Exam California Life Insurance Exam Questions and Answers 2024
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A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity 
 
Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 Payments 
 
What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start 
 
The systematic liquidation of a sum of money...
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MBA 5100 All studied chapters | Complete testbank 2023/24
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MBA 5100 All studied chapters | Complete testbank 2023/24 
 
(8-23)Current liabilities are 
 a. due but not receivable for more than one year. 
 b. due but not payable for more than one year. 
 c. due and receivable within one year. 
 d. due and payable within one year. - d. due and payable within one year. 
(8-24)A transaction that is likely to cause an increase in a current liability is: 
 a. payment of accrued wages. 
 b. accrual of interest expense. 
 c. depreciation of equipment. 
 d. accr...
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WGU D104 Intermediate Accounting II Units 4-6 Exam Solved 100% Correct
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Asset Turnover Ratio - ANSWER-net sales/average total assets 
 
Profit Margin Ratio - ANSWER-net income/total sales 
 
Rate of return on assets - ANSWER-net income/average total assets 
 
Current ratio - ANSWER-current assets/current liabilities 
 
acid-test ratio - ANSWER-(cash + short-term investments + net receivables) / current liabilities 
 
rate of return on common stock equity - ANSWER-(net income - preferred dividends) / average common stockholders' equity 
 
payout ratio - ANSWER-cash ...
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