Answer: $35,000
Explanation:
A casualty loss is simply a loss that an individual or business incurs when a property is damaged, or destroyed due to an unexpected or sudden event like fire, volcanic eruption, flood etc.
Here, Steve's casualty loss will be gotten when we compare both his adjusted basis and the fair market value and then we choose the lesser one. Since $35000 is lesser than $50000, therefore the answer will be $35000.
The answer is B. Financially protect against unexpected accidents
Answer:
A. $50,000
Explanation:
150,000 for a 3 year compaing = 50,000 per year
<u>The contract has just started </u>and the information available doesn't meet the criteria.
We must remember that <u>accounting has a principle of conservatism</u> regarding revenues. Accrue revenue without proper grounds is not correct. We should recognize the 1/3 of the base fee which is earned and matched the accounting cycle.
They could do $1,500 a month payment to the renter.
Answer: d. Entertaining
Explanation:
Because of the influence of social marketing, the interaction between producer and consumer has become less focused on entertaining.
It should be noted that due to social media, entertainment has reduced between producers and consumers but rather, it has to do with engaging, influencing and listening.
