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iris [78.8K]
4 years ago
9

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

nsactions.
a. True
b. False
Business
1 answer:
madreJ [45]4 years ago
8 0

Answer:

False

The statement stated above is not true.

Explanation:

  • Ramon needs to keep report into his Schedule C is his income from Form 1099-K is not only the entity but other aspects too along with Payment Card and Third Party Network Transactions.
  • Sole - Proprietors income is reported on their schedule C as a gross receipts that subjects to the tax related to the self employment.
  • It is the form used to prepare report on the payments received through different third party networks.

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When a manufacturer experienced a slowdown in sales, it laid off the two employees with the poorest attendance. One of the emplo
Iteru [2.4K]

Answer:

employment at will

Explanation:

According to my research on different employee responsibilities, I can say that based on the information provided within the question the company can state that the layoffs were instances of employment at will. This is because the employees were only showing up when it suited them, which is not part of their contract, the employees need to show up to work on time based on their work schedule.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
4 years ago
All of the following situations contribute to the need for a company to recognize deferred revenues, except for:
blondinia [14]

Answer: C) mutually unexecuted contracts between buyers and sellers.

Explanation:

Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.

In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.

This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.

7 0
3 years ago
What is the difference between a ratio scale of measurement and an interval scale of measurement?
Zanzabum

Answer: Option (C)

Explanation:

The ratio scale is referred to as or known as a kind of the variable measurement scale that is mostly quantitative in the nature. The ratio scale tends to allow most researcher to bring out the comparison in between the  intervals. This scale is fourth level of the measurement and thus tends to possess a 0 point or the character of the origin.  

Interval scale is referred to as or known as the quantitative measurement scale under which the difference in between the two variables is mostly meaningful. This scale is known to be third level of the measurement.

5 0
3 years ago
PLS HURRY
jeyben [28]

Answer:

C) It leads to a decrease in per capita GDP. (sorry if it's late)

Explanation:

3 0
4 years ago
Discount Mart utilizes the allowance method of accounting for uncollectible receivables.
lara [203]

Answer: See explanation

Explanation:

From the question, we are given the information that on December 12, the company receives a $540 check from Chad Thomas in settlement of Thomas's $1,280 outstanding accounts receivable, then the journal entry based on the above will be:

December 12:

Debit Cash $540

Debit Allowance for doubtful account $740

Credit Account receivable $1280

Note that the allowance for doubtful account was calculated as:

= Account receivable - Cash

= $1280 - $540

= $740

6 0
3 years ago
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