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goblinko [34]
4 years ago
13

When does the all-events test under the accrual method require the recognition of income from the sale of goods?A. when the titl

e of the goods passes to the buyer.B. when the business receives payment.C. when payment is due from the buyer.D. the earliest of the above three dates.E. None of these.
Business
1 answer:
Alekssandra [29.7K]4 years ago
4 0

Answer: the correct answer is B, when the business receives the payment.

Explanation:

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What is judiciary and executive?<br>​
Naya [18.7K]
Judiciary is the judicial authorities of a country; judges collectively.
Executive is the person or branch of a government responsible for putting policies or laws into effect.
3 0
3 years ago
An agreement between Jim and his 18-year-old daughter, Betty, provides that he will give her $25,000 if she does not marry until
Mariulka [41]

Answer:

No, Jim is not correct.

Explanation:

Betty will win this case.

Generally, the law encourages marriage as its policy. If there is any contract that prevent or restrict marriage in whatever way, such contract would be considered null and void because it is against the public policy.

Despite the above, contracts will be generally considered valid when they place reasonable restrictions on marriage. In this question, the restriction placed on Betty that she should get married until after her 22nd birthday is reasonable and has to be considered to be valid. Based on this, Betty has to be paid the $25,000 as laid down in the binding contract between the two parties.

Therefore, Jim is not correct.

4 0
3 years ago
Can someone please help me ! (Wingstop)
Basile [38]

Answer: google it

thats what i do.......lol

6 0
4 years ago
Lawyers, accountants, and other professionals typically price by adding a standard markup for profit. This exemplifies ________.
Korvikt [17]

Answer:

B) cost-plus pricing

Explanation:

hope this helps :)

3 0
2 years ago
The only income Ramon needs to report on his Schedule C is his income from Form 1099-K, Payment Card and Third Party Network Tra
ad-work [718]

Answer:

False

Explanation:

Ramon is a sole proprietor and he has the right to take the profits from his business after conducting all the necessary tax deduction. Therefore, on the Schedule C Report, he can also document the income/profit he made after removing the self employment tax. He doesn't need to document the income from the payment card and other sources of income.

8 0
4 years ago
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