where do all of the nonseparately stated items go on the form 1065?where is the net of all those items reported on form 1065

Q: What do the allowable deductions include?

A: Tax: Tax refers to a compulsory payment or a contribution to the state revenue, levied by the…

Q: Define Unclassifi ed balance sheet

A: Introduction: Unclassified balance sheets are typically utilized only for internal purposes.…

Q: ACFR 2021- What types of information are included in the Statistical Section?

A: The statistical section generally contain five sections

Q: Which of the following is not a required disclosure under PAS 1?

A: PAS 1 refers to the Philippine Accounting Standards as developed by the PFRS (The Philippine…

Q: A variety of SUTA reports need to be filed with respective state governments. Which of the following…

A: Answer: Option c.

Q: w does a company determine if it should use an ABO, PBO, or VBO calculation? Is the determination…

A: ABO The estimated amount of a company's pension plan commitment at any one time is known as the…

Q: REQUIREMENTS: 1. What is the TOTAL amount of unfunded allotments to be reported in the Registry of…

A: Owner’s equity-  Owner’s equity refers to the number of investment made by a personal in a…

Q: Which of the following 1s not an example of an exempt organization?

A: An entity can avail benefit of  tax exempt if : 1.Organization is established for the purpose of…

Q: What are some of the techniques of disclosure for thebalance sheet?

A: Balance Sheet: Balance Sheet is one of the financial statements which summarize the assets, the…

Q: Explain secondary apportionment with relevant examsples

A: Secondary Apportionment: In refers to the process in which the service department overhead is…

Q: the differencwe between the new IFRS 15 and old IFRS 15

A: The acronym IFRS stands for International Financial Reporting Standards that provide the rules,…

Q: What qualitative and quantitative disclosures arerequired related to revenue recognition?

A: Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific…

Q: SE13-1, SE13-2, SE13-4 were answered in a previous question. Please look at SE13-4, SE13-5, SE13-6.

A: Since, you have specifically asked for 4, 5 and 6 part. So, we have solved the same for you.

Q: How does the Dodd Frank bill differ from other bills? Which areas were encompassed in this bill? Do…

A: In simple terms, , Dodd frank is a law that places major regulations on the financial industry,…

Q: Explain the format of classified balance sheet.

A: Definition:   Classified balance sheet: The main elements of balance sheet assets, liabilities, and…

Q: tate the disclosure requirements of IFRS 10 and IFRS 3

A: Disclosure requirement states the facts, figures, notes, etc to be specifically disclosed in the…

Q: SECA stands for _____. Answer:   A.    Self-Employment Contributions Act     B.…

A: Note: As per the Policy, We’ll answer the first question since the exact one wasn’t specified.…

Q: How does IFRS differ from current U.S. GAAP with respect to accounting for impairments?

A: When the asset value reduces due to market or technological factors which it turn fall below its…

Q: Identify the following users as either external users (E) or internal users (I). FBI and IRS

A: Internal User Internal Users are the people within the organization who use the financial…

Q: The receipt of an allotment is recorded by a government entity in the? RAOD ORS…

A: Answer- RAPAL stands for Registry of appropriations and allotment is used for Used to control and…

Q: What is the federal counterpart of the state and local government "encumbrance"? Select one: a.…

A: Encumbrances represent amounts a government has committed to pay for goods or services that were not…

Q: If Form 941-V is utilized, the amount shown on line 2 of the form must agree with the amount…

A: 1. Answer: Option (c)   2. Answer: Option (a); if there is an annual liability for Social Security,…

Q: What are the two parts of a registration statement? What does each part contain?

A: Registration statement is composed of two parts 1. Prospectus 2. Informational needs of the staff of…

Q: 5 steps in ASC 606 may be impacted by Covid-19

A: ASC 606 deals with revenue recognition in accounting. Revenue should be recognized upon the right to…

Q: Two forms commonly used in the registration process are Form S–1 and Form S–3. Which registrants…

A: Securities Exchange Commission (SEC): This is the government agency that governs the working of FASB…

Q: Explain promissory note

A: A promissory note is a financial instrument that contains a written promise by one party (the note's…

Q: What are reversing entries? Are they required by GAAP?

A:

Q: Provide proffesional argument as to why IFRS 16 is preffered for us over IAS 17, and three examples…

A: IFRS 16 and IAS 17 are accounting standards related with leases. On January 2016, IASB issued a…

Q: was due inancial State nc. should report

A:

Q: D6) Describe and explain the matters which the remuneration committee should consider when preparing…

A: Remuneration- Remuneration is the whole amount paid to an employee. It may contain a salary or…

Q: What are the classifications of financial assets in accordance with PFRS 9?

A: PFRS :  It stands for Philippines Financial Reporting Standard which is fully converged with IFRS.…

Q: Make an acronym or a mnemonic on the new revenue recognition standards and make a comparison with…

A: Revenue recognition is a generally accepted accounting principles, that identifies…

Q: Prepare the journal entries in relation to the provision liability

A: Liability can be defined as present obligation arising due to past events resulting into outflow of…

Q: 1. How does the GASB define extraordinary and special items? Compare the definitions and recognition…

A: The GASB defines extraordinary and special items as those of FASB that is unusual and infrequent but…

Q: Name the departments, offices, or agencies that were created by the Dodd–Frank legislation.

A: he Dodd-Frank legislation officially became a law in year 2010 that aimed to put restrictions on the…

Q: for each of following citations, identify the type of authority (Statutory, administrative, or…

A: Below are the provided authority and the citation:

Q: COA needs to journalize the appropriation and allotment released by DBM. * true or false?

A: The government uses a different way to report their financial statements than the private sector…

Q: The NEC is published by whom?

A: The question is based on the concept of accounting theory.

Q: The following are issued by the Commissioner of Internal Revenue, except: a. Revenue Memorandum…

A: Commissioner of Internal Revenue is authorized to issue the following

Q: What information is included in Form 10-K?

A: Form 10-k: From 10-k contains information on annual report that are Country U Securities and…

Q: ASPE and IFRS.

A: Introduction: Revenue recognition: Revenue recognition is an accounting theory that defines the…

Q: What are the Copies of all approved requisitions?

A: Requisition:-It is a process where one person requests using service or item. A requisition is a…