Since ancient times, stringed instruments, known as chordophones, have developed to all shapes and sizes. These instruments make sounds by vibrating strings. The strings may be played with a bow, plucked with fingers, or struck with hammers. Nearly all chordophones are made up of strings stretched across a resonator.
Warranty expense. Warranty expense is an example of a situation when taxes payable are greater than income tax expense because on the income statement statment estimated warranty expense is deductible and on the tax return only actual warranty expenses are deductible. Iâm trying to understand that through an example.
A home warranty is a contract that agrees to provide you with discounted repair and replacement services. Letâs assume that you have a host of appliances that you rely on to get about your daily chores. If one of them breaks down unexpectedly, it will cost you a lot to repair/ replace the appliance.