1 Maintain records of the total compensation paid to each director, including any compensatory payments or reimbursement of the travel expenses of the foundationâs director and family members. 2  Once this checklist has been completed it quickly becomes obvious that reasonable compensation is a zero sum game. Maintain records of the total compensation paid to each director, including any compensatory payments or reimbursement of the travel expenses of the foundationâs director and family members. 2  Once this checklist has been completed it quickly becomes obvious that reasonable compensation is a zero sum game.
exists and is an alternate of . Answers.comÂ® is making the world better one answer at a time. Expense checks are used to cover work related expenses. These expenses must be able to be documented, and must be legitimate work expenses.
If a company fails to record an adjusting entry for property taxes, thennet income will be. . .a. unaffectedb. understatedc. overstatedd. understated or overstated depending on the amount An accrued expense is one that is incurred but not yet paid.a.n accrued expense is one that has been but not. An expense is accrued by debiting a(n) account andcrediting a(n) account. An adjusting entry to accrue an expense (increases/decreases) net income.