A common court of limited jurisdiction in most states is the ________ court

Which of the following statements is incorrect regarding the classification of accounts and notes receivable?

a. Segregation of the different types of receivables is required if they are material. b. Disclose any loss contingencies that exist on the receivables. c. Any discount or premium resulting from the determination of present value in notes receivable transactions is an asset or liability respectively. d. Valuation accounts should be appropriately offset against the proper receivable accounts.

Josh works at a U.S. construction company as a civil engineer. He has been working overseas for the last three years. The hypothetical tax calculated by his company turned out to be less than his actual income tax. In this situation,

A) Josh pays the taxes. B) the employer reimburses Josh. C) under tax equalization, neither Josh nor his employer receives a reimbursement. D) the foreign government reimburses Josh.