Answer:
The correct answer is letter "B": An overall accounting method is initially adopted on the first return filed for the business.
Explanation:
After filling the tax return for the very first time, a company may be able to determine what actions must be taken in order to maximize profits for the upcoming years. In that sense, to report an optimal return according to the organization's activities, an accounting method is selected to file revenues and expenses. Among the main methods there are, we can identify accrual accounting and cash accounting.
I do believe that is the gross domestic product!
Answer:
law of diminishing marginal returns
Explanation:
Based on the information provided regarding this situation it seems that the firm is experiencing the law of diminishing marginal returns. This is basically stating that producing more units per output will sooner or later cost a lot more than the initial value, because inputs are being used less as well as less effectively. This will continue to be so as production increases.
Census-Related Fraud.
Government Grant Scams.
Investment Scams.
Lottery and Sweepstakes Scams.
Charity Scams.
Pyramid Schemes.
Ponzi Schemes.
Ticket Scams.
Answer: For 2014, Korte would report comprehensive income of $341,000.
Explanation:
Korte Company
Comprehensive income statement for 2014 (extract)
Sales revenue $1,500,000
Cost of goods sold (1,050,000)
Gross profit 450,000
Operating expenses (165,000)
<em>Other income:</em>
Unrealised gain on AFS securities 50,000
Dividends received 6,000
Comprehensive income $341,000
