Put beans and 12 cups water into an 8-qt. pot; bring to a boil. Reduce heat to medium, season with salt; cook, adding more water if necessary, until beans are very tender, 2â2 1â2 hours. Drain beans, reserving 3 cups cooking liquid. Heat a 6-qt. pot over medium-high heat. Add chorizo and cook, breaking up into small pieces, until crisp, 6â8 minutes. Using a slotted spoon, remove half the chorizo; transfer to a plate and set aside.
Adjustments to income are expenses that reduce your total, or gross, income. You enter income adjustments directly onto Form 1040 of your tax return. The amount remaining after deducting these expenses is adjusted gross income..
Indicate (a) the type of adjustment (prepaid expense, accrued revenues and so on), and (b) the accounts before adjustment (overstated or understated). 1  1. Supplies of $100 are on hand. 2  4. Rent collected in advance totaling $800 has been earned. 3  3. Salaries earned by employees of $900 have not been recorded.