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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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Anita is developing a website for her photography business. On the home page, she wants to include a link to another webpage in
kotegsom [21]

Relative link can be inserted.

A relative link thinks that the page to which you're connected is the website and folder to which you've posted the web page. This link is under the same website URL and folder (Articles) as this page, thus we only refer to it by this link. There are two advantages of using relative references versus absolute references.

A Relative Reference is a partial http address that is a portion of a whole directory path. Remember that if no server name or path is supplied in html, the file reference will default to the current directory.

Therefore the answer is relative link.

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4 0
2 years ago
Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income
max2010maxim [7]

Answer:

debit Sales $15,000; debit Purchases Returns and Allowances $200 and credit Income Summary for $15,200

Explanation:

Based on the information given the CLOSING ENTRY that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances are:

Debit Sales $15,000

Debit Purchases Returns and Allowances $200 Credit Income Summary for $15,200

($15,000+$200)

(To close revenue accounts and income statement accounts)

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In the context of corporate social responsibility, _____ responsibilities are to obey local, state, federal, and relevant intern
astra-53 [7]

Answer:

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Explanation:

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This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.
Naya [18.7K]

The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

<h3>What is the IORB?</h3>

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

Find out more on the Interest on Reserve Balances at brainly.com/question/27962333.

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1 year ago
WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, or C
True [87]

Answer:

B

C

A

Explanation:

7 0
2 years ago
Read 2 more answers
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