November 2003
Intermediate to advanced
186 pages
2h 50m
English
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Taxes Payable
The tax return for a corporation that has a calendar year-end (December 31) is due March 15 of the following year. For the year ended December 31, the corporation may have generated net income, resulting in taxes that will have to be paid. These taxes are due on the income that was earned for the year ended December 31, even though they do not have to be paid until a couple of months later. We want to record the income tax in the period in which the income was generated (the matching principle again). To do this, we estimate what the tax will be when we finally get around to preparing the tax return. We then record the estimated tax with the following entry:
When we file the tax return, we will send a check with it to pay the tax. ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.