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melamori03 [73]
3 years ago
7

The Blue Utilities Company paid Sue $2,000 for the right to lay an underground electric cable across her property anytime in the

future.
a. Sue must recognize $2,000 gross income in the current year if the company did not install the cable during the year.
b. Sue is not required to recognize gross income from the receipt of the funds, but she must reduce her cost basis in the land by $2,000.
c. Sue must recognize $2,000 gross income in the current year regardless of whether the company installed the cable during the year.
d. Sue must recognize $2,000 gross income in the current year, and when the cable is installed, she must reduce her cost basis in the land by $2,000. e. None of these.
Business
1 answer:
Reil [10]3 years ago
8 0

Answer:

B)

Explanation:

Sue is not required to recognize gross income from the receipt of the funds, but she must reduce her cost basis in the land by $2000.-

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Answer:

The correct answer is option D.

Explanation:

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It is generally associated with a perfectly competitive industry. While internal economies of scale is generally associated with imperfectly competitive markets.

5 0
3 years ago
Is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and contro
frez [133]

The correct answer is:  " management" .

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4 0
3 years ago
All sources of income are known as which of the following?
Oksanka [162]
I think the correct answer from the choices listed above is the first option. All sources of income are known as gross income. It is an <span>individual's total personal </span>income<span>, before accounting for taxes or deductions. Hope this answers the question. Have a nice day.</span>
4 0
3 years ago
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The use of government taxes and spending to alter macroeconomic outcomes is known as?
maw [93]

it's known as fiscal policy

6 0
2 years ago
Because of uncertainty about future inflation, the union devotes a large quantity of resources to monitoring inflation indicator
IrinaVladis [17]

Answer:

C. Variable inflation is associated with high transaction costs

Explanation:

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Option C is correct because variable inflation is associated with high transaction costs in order to maximize the financial position. For example, if the inflation rate is 5% during first quarter, the price level is not much to disrupt the financial position. Again, in the next quarter, if the inflation rate changes to 4%, the position will be effective more. However, if it increases, it will not affect too much.

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3 years ago
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