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Q: What could you use to balance this orange on the equal arm balance?
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Continue Learning about Accounting

Describe the role of the general accounting office?

The General Accounting Office (GAO) is the investigative arm of congress in Financial issues. It reviews the spending activities of Federal agencies, studies Federal programs, and it recommends ways to improve the financial performance of the government.


Can you file for tax returns on only workmen's compensation?

NO WC income may or may not have been taxable, and may or may not have been withheld on when it was paid. It depends on the specific WC program and what the particular benefit is for. (Payments for loss of a body part, say an arm or such, aren't taxable - they just are to replace your loss. But payments for loss of income, which would have been taxable had you worked for it - certainly are taxable still). It also matters if the "insurance" was paid for by you or the employer. You will receive a 1099 saying what type of income yours was and what if anything was already withheld.


On what form of the 1040 do report rental income received for heavy equipment I rent to my S-Corp?

Rental income is reported on Schedule E.Since it's not an arm's length relationship (you are a related party to your S-corp), you should see a tax professional to make sure you are claiming fair rental value and not giving the S-corp a discount on rent.You also should see a tax professional because you need to properly depreciate the asset. Otherwise you'll have serious consequences in a later tax year and it'll be too late to get a refund.


Can you write off tools on your taxes?

There are certain circumstances under which you will be able to to write off the tools. (Basically, in order to deduct them as a business expense, you have to actually use them for business. For example, if you're an accountant and you buy a radial arm saw, you can't deduct the cost of the saw from your accounting wages. If you make a little money "on the side" from woodworking, you might be able to deduct it from that, but only up to the amount you actually make from woodworking.)If they are considered to be temporary tools you can write off them in the particular year which you buy them. But if they are for long term then you should depreciate it over the life of the tools.Realistically, if you have any questions whatsoever about this, you should consult a tax professional; the consequences of getting it wrong are severe enough that it's probably worth spending a little money to make sure it's done right (also, money spent on tax preparation is deductible).


Is a holding company classed as an investment company?

Technically, Yes.In order for a holding company to hold any form of controlling equity in another entity, it would need to do so by way of equity capital, not debt capital.If the relationship between 'holding company' (A) and the entity held (B) was formed by way of A introducing debt capital (any form of loan instrument) to B, that relationship would be deemed to be one of a debtor / creditor relationship, thereby not qualifying A to have equity ownership in B unless it arises out of a default by B.There are numerous ways an entity can end up forming part of the assets of a holding company - by example: 1/ An arm's-length transaction (acquisition of the shares); 2/ A cession or pledge of shares in securitatum debiti that were exercised; 3/ A merger;Thus, if the term 'investment' implies a conscious decision by A to acquire an interest in B, then that is an investment. However, if A acquired its' interest in B by default, it is no less a conscious decision, as the provisions for default were clearly set out in the loan instrument agreement - i.e. a pre-supposition that in the event of default, one of the remedies for A would be that the shares of B would be held as security by A as an asset to be held or realised in judgement execution. The results are similar in pre-meditation.

Related questions

How can pick out a pile of counterfeit coins using equal arm balance?

try to use an universal weight grams it is included when you buy an equal - arm balance


An equal-arm balance is used to weigh an object?

No it is not.


How do you build a simple equal-arm balance?

Nobody cares


On which simple machine is the equal arm balance used?

lever


What is the rider on an equal arm balance?

it is the metal mass like a stuff.


How do you use the equal arm balance?

Before you begin using an equal arm balance, you must make sure the riders are an equal distance apart, and make sure the balance is balanced. Then, place the object(s) on one side of the balance, and the object(s) that you want to compare them to. Whichever object is closer to the ground is heavier. If the objects are equally levelled, they have equal mass.


What are two ways to use an equal arm balance?

An equal arm balance can be used to weigh or compare objects with a high degree of accuracy. The arms must be properly calibrated to equal lengths and balanced evenly on the axis of rotation prior to use.


Is an equal-arm balance used to measure mass?

in a gravity field it can find 2 equal masses


Is an equal arm balance used to measure mass?

in a gravity field it can find 2 equal masses


What is the measured of equal arm balance?

anything that has mass and takes up space.


Do's and don't in weighing in equal arm balance?

Equal arm balances are recommended for laboratories, to weigh small amounts of materials. I believe that they are more exact.


A spring scale is used to measure weight and a what is used to measure mass?

An equal-arm balance.