I have done this at school, the answer is definitely C!
Full question:
Indicate whether the following statements are "True" or "False" regarding the concept of gross income.
a. While the Constitution grants Congress the power to tax income, it does not define the term.
b. The Supreme Court has held that there is no income subject to tax until the taxpayer has recovered the capital invested.
c. Economists measure income (economic income) by first determining the fair market value of the individual's net assets (assets minus liabilities) at the beginning and end of the year (change in net worth).
d. Accounting and tax rules regarding income are the same.
e. The accounting concept of income is founded on the realization principle.
f. Gross income is not limited to cash received.
Answers:
a. True
b. True
c. True
d. False
e. True
f. True
Explanation:
1.The constitution of the United States allows for power to tax income however it doesn't define tax.
2.income is not subject to tax until there is profit from capital invested as ruled by the Supreme Court of the United States
3. Measurement of income in Economics involves applying the concept of fair value to measure income at the beginning and end if the year and notice any changes that may have occurred
4. Accounting and tax rules regarding income are not the same. Accounting however complies with tax rules for accounting purposes.
5.the realization principle involves income earned or losses incurred(not necessarily received in cash or given out)
6.Gross income encompasses all(recognizable) earned income for the period(cash or not)
The earth’s most important nonrenewable energy source is <u>"coal".</u>
Non-renewable energy source refers to a source of energy that will in the end run out. Most sources of non-renewable energy source are fossil fuels, for example, coal, gas and oil.
These natural resources are a noteworthy wellspring of intensity for an immense measure of businesses – be that as it may, there are various drawbacks to non-sustainable power source, including their negative ecological effect and the reality they are in constrained supply.
Coal originates from the remaining parts of plants that died a huge number of years prior. It has the most abnormal amount of carbon of every single non-renewable energy source.
Farming, stone buildings, quipus, and stone cutting.
Answer:
Social harmony can be defined as the state of well-being and peace between the different individuals that make up a society. Thus, the main objective or component of this concept is precisely the possibility of this society to develop with total normality, avoiding political, religious or cultural conflicts between its different members, tolerating ideological differences or criteria, and considering the differences as enriching and not as causes of conflict.
