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Anni [7]
3 years ago
9

This year henry realized a gain on the sale of an antique car that he inherited from his uncle. the buyer has promised to pay he

nry in installment payments over the next few years. identify the principle that will determine when henry should be taxed on the gain from the sale: assignment of income. constructive receipt. return of capital principle. wherewithal to pay. all of the choices are correct.
Business
1 answer:
Kruka [31]3 years ago
4 0
The answer to this question is <span>Wherewithal to pay
In the wherewithal to pay concept,  the</span><span> Income will be recognized in the period in which the company has the means to </span>pay<span> the tax on the income. Often times, company make their report to show a loss on purpose in order to postpone the tax payments</span>
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Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with
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which stage in a work-unit activity analysis focuses on the product, information, or service provided?
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The stage in a work-unit activity analysis that focuses on the product, information, or service provided is the output phase, This is further explained below.

<h3>What is the output phase?</h3>

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2 years ago
Federal Trade Commission (FTC) regulations require that: Multiple Choice all used cars be sold with a warranty. used car buyers
alekssr [168]

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<h3>What is the Federal Trade Commission </h3>

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5 0
2 years ago
A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it c
kupik [55]

Answer:

$310,000

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