Examlex

Solved

When a _________________________ Rule Is in Effect, Out-Of-State Sales That

question 18

Short Answer

When a _________________________ rule is in effect, out-of-state sales that are not subject to tax in the destination state are pulled back into the sales factor numerator of the origination state.


Definitions:

Chronological Order

The arrangement of events, documents, or records in the sequence of their occurrence.

Prepaid Insurance

An asset account representing insurance payments made in advance of the coverage period, recognized as an expense over time.

Insurance Payable

A liability account that represents amounts owed for insurance premiums that are due but not yet paid.

Proprietorship

A business owned by one individual.

Related Questions