0
A preferred return is handled usually handled as a special allocation, but if a return is definite it could also be treated as a guaranteed payment for capital. Contingent liabilities are dependent on future outcomes.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What are the release dates for Return of the Canadian Contingent - 1900 I?
Return of the Canadian Contingent - 1900 I was released on: USA: November 1900
Is return inward a liability?
yes return inward is a liability..therefore must be credited
What is it called when A supervisor makes approval of leave contingent on granting sexual favors?
Quid pro quo is granting something contingent on receiving something in return.
Is purchase returns an asset or liability?
purchase return is assets or liability or expense
Is return inward a current liability?
Yes
What does it mean a married couple filing a joint tax return has joint and several liability for the taxes associated with the return?
It means that they have joint liability as a couple and also individual liability, so that each one can be charged separately.
Is a sales return and allowances a liability?
Sales returns and allowances is not a liability rather these are expenses or reduction in actual sales
What is an accountants liability if he falsifies information on a tax return?
nothing
Is owners capital a liability?
Yes owners capital is liability for businss towards its owners to be return back at the even of liquidation of business.
Need to refile income tax even if there is no change in tax liability?
Yes. If ou have filed a return that is not accurate you need to file an amended return that is as accurate as possible with the IRS. Even if this means no change in liability. If your return is inaccurate the IRS will audit your return. Keeping the IRS out of your business is a vry good thing.
How is a theft loss on inventory claimed on a sole proprietor's tax return?
theft loss of inventory on sole proprietor. how is it handled on tax return
How is theft loss of inventory claimed on a sole proprietors tax return?
theft loss of inventory on sole proprietor. how is it handled on tax return
