<u>Solution and Explanation:</u>
<u>The following steps should be undertaken:
</u>
1. She should create extensive records of receipts, expenses, and other business dealings to demonstrate her profit intent which will give strength to fact that her activity is a business endeavor rather than hobby.
2. Secondly, she should keep ready a written and well-documented business plan clearly outlining the steps she would be taking to cut down losses and start earning profit.
3. She should demonstrate that she depends on her business endeavor for her livelihood to repel notion of it being a hobby.
On apex it is A flat taxation
Answer:
Threat? Sorry If its not correct
Explanation:
Answer:
Explanation:
The main problem with the uneven distribution of information is that the people with more information can make decisions and judgements prior to the group meeting and can lead the group discussion to decisions they have already made,
Answer:
d. No effect No effect
Explanation:
When allowance method is followed then bad debts allowance is created for non-collectible debts balance.
This balance clearly depicts the debtors which are not collectible and then set off against accounts receivables balance.
When an already written off bad debt is recovered, such recovery increases income only, and does not effect any allowance account or accounts receivable account.
As for this already expense had been allowed.
And amount recovered is no more standing due in accounts receivables balance.
Thus, correct option is
d. No effect No effect