After March 11, 2021, such rent payments as described above should be reported on <u>Form 1099-MISC,</u><u> Miscellaneous </u><u>Information</u><u>.</u>
The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:
- Was signed by President Biden on March 11, 2021.
- Clarifies the scope of Form 1011-K.
The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.
Find out more on Form 1099 at brainly.com/question/25485090.
The cost of successfully defending a patent in an infringement suit should be amortized over the remaining estimated life of the patent. Amortization means adding the cost to patent account and dividing the costs of the suit by twenty years or by the remaining useful life of the patent, whichever one is shorter.
Answer:
Team members demonstrates a constant focus on improvement
Explanation:
To increase the personal values of team members on high performing teams, team members must demonstrate a constant focus on improvement, the more there is room for improvement, the more personal values are enhances because each members of the team is allow to pass to the growth process and become the best version of themselves.
Answer:
The answer is given below;
Explanation:
The $ 5 collected will be treated as miscellaneous revenue.The cash over and short account will be credited for $5.
As the cash receipts are $ 105 and sales revenue is $100.The difference amount will be treated as miscellaneous revenue.
The journal entry will be;
Cash Dr.$105
Sales Revenue Cr.$100
Miscellaneous revenue Cr.$5
