What financial accounting category is interest expense payable? Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any borrowings – bonds, loans, convertible debt or lines of credit.
What category is interest payable? Interest payable is a liability, and is usually found within the current liabilities section of the balance sheet. The associated interest expense that comprises interest payable is stated on the income statement for the amount applicable to the period whose results are being reported.
Is there an inexpensive alternative to Viagra? If you’re looking for a less costly Viagra, you might want to ask your doctor about sildenafil. It’s the active ingredient in both branded Viagra and the drug Revatio, which is a lower dose than Viagra and approved to treat pulmonary arterial hypertension.
Do you get a 1099 for mileage reimbursement? Is mileage that was reimbursed and included on 1099 counted as taxable income? Yes, it’s included in your taxable income, because that’s how it’s being reported to the IRS. But you can deduct business mileage as a business expense, which will subtract it from your taxable income.
What financial accounting category is interest expense payable? – Related Questions
Are range rovers expensive to work on?
Range Rovers usually cost more for maintenance like many other luxury vehicles. They come in the top 10 for the most expensive cars to maintain. You can expect Range Rover maintenance costs to increase significantly about five to six years after their production year.
Why are ipods still so expensive?
Partially for the reasons Apple products are more expensive in general: they provide better value, last longer, have better support, and have higher build quality. These things lead to Apple product having a lower cost of ownership, meaning they cost less over the life of the product than a competing product.
Are relocation expenses paid under eminent domain taxable?
Eminent Domain Acquisition Payments, Relocation Payments, and Taxes. … The acquisition payments made for just compensation of real property may be taxable as a capital gain or deferred by use of IRC section 1033. Relocation payments are not considered income and not taxable.
How expensive to ship a hoodie?
How much does it cost to ship a hoodie USPS? Assuming the hoodies weighs 1-2 lbs., USPS First Class Mail is cheapest at around $5. Using a slightly larger USPS envelope or small box costs roughly $8.
Where do i claim funeral expenses?
To report funeral expenses, you must complete Schedule J, Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims, which is attached to Form 706. On this schedule, you should itemize the funeral expenses and enter the total under Total funeral expenses.
What is the least expensive streaming service that has axs?
If you’re looking for the cheapest way to stream AXS TV, Philo could be your best choice.
Are your business expenses considered income?
Business expenses are costs incurred in the ordinary course of business. … Business expenses are part of the income statement. On the income statement, business expenses are subtracted from revenue to arrive at a company’s taxable net income. Business expenses may also be referred to as deductions.
Why are new england ipas so expensive?
The leading factor in NEIPAs’ higher price point is the hops. Not only are brewers often using double the amount of hops found in American IPAs, they’re also using higher-priced varietals to deliver the juicy pops of tropical fruit that define the style, and distinguish it from its West Coast brethren.
Are premiums a qualified medical expense irs?
Payments for insurance premiums you paid for policies that cover medical care or for a qualified long-term care insurance policy covering qualified long-term care services. However, if you’re an employee, don’t include in medical expenses the portion of your premiums treated as paid by your employer.
How expensive are the engines in nascar?
On average, a typical NASCAR engine costs around $100,000. However, during some racing events, teams use more than one engine. For example, a car competing in the Daytona 500 may use up to three engines throughout the event.
Is dubai expensive?
In general, prices in Dubai are comparable to other major cities in the world. Accommodation and tours can be quite expensive, but there is so much choice that you can make it more budget-friendly if you wish. Restaurant prices are comparable to those in Western European cities.
When calculating depletion expense for oil production?
For oil and gas royalty owners, percentage depletion is calculated using a rate of 15% of the gross income based on your average daily production of crude oil or natural gas, up to your depletable oil or natural gas quantity.
How to compute operating expense?
To get an operating expense ratio (OER), add your cost of goods sold (COGS) to your operating expenses. Then, divide by your revenue to get a percentage of revenue that you’re spending on these expenses—an operating expense ratio.
Why spectrum is expensive?
Spectrum is expensive because the commercial uses for it are very valuable. For instance, without legal authority to use spectrum, television (for the first 40 years before there was cable) and cell phones would not be commercial products that are present in over 90% of American households.
What medical expenses can be claimed?
The IRS allows you to deduct unreimbursed expenses for preventative care, treatment, surgeries, and dental and vision care as qualifying medical expenses. You can also deduct unreimbursed expenses for visits to psychologists and psychiatrists.
Are spirits expensive in bali?
While this is definitely cheaper than what you would pay back home, it’s pretty pricey compared to other destinations in Southeast Asia. … Imported spirits are expensive in Bali because of the high tax levied on anything with alcohol. This means even supermarket prices are unreasonably high!
How expensive is it to add a power outlet?
The cost to install electrical outlets usually falls between $100 and $250 for parts and labor, according to HGTV. Electricians typically charge under $100 for the home visit along with a variable hourly rate for the labor. Homeowners can expect to pay an average of $175 for an electrician to complete this job.
Do more expensive hdmi cables make a difference?
An expensive HDMI doesn’t produce richer colors or crisper sound than cheaper versions. However, an HDMI cable made with better materials can be more durable, and support higher bandwidth at longer distances, but it won’t offer any difference with the picture quality.
Why is gluten free food so expensive?
One of the reasons gluten-free foods are more expensive lies in the fact that cross-contamination is always a possibility. Therefore, bakeries producing products labeled gluten-free must pay to have the facilities thoroughly cleaned on a regular basis.
How much money can i make selling final expense insurance?
On average, a final expense insurance coverage plan results in $600 per sale in first-year commission to the insurance agent. Every year the policy is renewed brings in another $50-60 per year in commission. The national average salary of an agent is $103,000.