1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oduvanchick [21]
3 years ago
12

Interest income received by a cash basis taxpayer is generally reported in the tax year it is received. True False

Business
1 answer:
FromTheMoon [43]3 years ago
5 0

Answer:

TRUE

Interest income received by a cash basis taxpayer is generally reported in the tax year it is received.

You might be interested in
What is a challenge of starting a business?
Levart [38]

Answer:

Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges every business faces whether they are large or small. These include things like hiring the right people, building a brand, and so on.

Explanation:

4 0
3 years ago
Consider the following financial statement information for the Sourstone Corporation:
DENIUS [597]

Answer:

A. 56.32 days

B. 40.38 days

Explanation:

The Operating cycle is the Inventory period + AR period

Inventory period= 365/(Cost of goods sold/Average inventory)

Average inventory= (Beginning Inventory + Ending Inventory)/2

Accounts Receivable period= 365/(Credit Sales/Average Accounts Receivable )

Average Accounts Receivable= (Beginning Accounts Receivable + Ending Inventory Accounts Receivable)/2

Calculated Inventory period= 42.58 days

Calculated Accounts Receivable period= 13.74 days

The Cash cycle is also called the Net Operating cycle which is the Inventory period + Accounts Receivable period- Accounts Payable period

Accounts Payable period= 365/(Cost of goods sold/Average Accounts Payable)

Average Accounts Payable = (Beginning Accounts Payables + Ending Inventory Accounts Payable)/2

Calculated Accounts Payable period= 15.94 days

5 0
2 years ago
Paying attention to the trends that might impact your future career is called
Mazyrski [523]
<span>The process is called futurecasting. Clustering is a completely different concept related to the organization of resources. Networking is a concept related to building social connections through self-advertising and linking networks with associates. Matchmaking is typically used in reference to specifically cultivating relationships between two people with complementary skill sets or similar core work values. Thus only futurecasting is left as an option.</span>
5 0
3 years ago
Incident managers begin planning for the demobilization process when:
vampirchik [111]
Incident managers begin planning for the demobilization process when B. INCIDENT ACTIVITIES SHIFT FROM RESPONSE TO RECOVERY.

Demobilization occurs when the incident objectives have been met. 

<span>Demobilization is the orderly, safe, and efficient return of all resources used in the incident to its original status and location. It must be done as soon as possible to facilitate accountability of the resources.</span>

5 0
3 years ago
Bill gore believed in keeping operational facilities small due to his focus on high quality interpersonal relationships, and as
lorasvet [3.4K]

The level of organizational culture that is being described in the scenario above is the basic underlying assumptions in which this level focuses more on taking beliefs for granted in a way that they use their thoughts and feelings in a course of action in which Bill does because of his beliefs.

8 0
2 years ago
Read 2 more answers
Other questions:
  • City mission is a not-for-profit organization that provides hot meals, living quarters, and showers for homeless people. based o
    10·1 answer
  • What weakness is revealed by always being late to team practice
    8·2 answers
  • Melvin supervises 10 employees in marketing. Sarah supervises 11 employees in finance and Jake supervises 9 employees in HR. As
    11·1 answer
  • The table shows a schedule of Igor's payment plan for a used car.
    9·1 answer
  • Suppose you receive ​$130 at the end of each year for the next three years. a. If the interest rate is 10 %​, what is the presen
    11·1 answer
  • Major Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annu
    7·1 answer
  • Choosing a new bank. You’re getting married and are unhappy with your present bank. Discuss your strategy for choosing a new ban
    5·1 answer
  • Arthur is a California resident. He was ordered to pay $2,000 in alimony and $3,000 in child support to his former spouse. He me
    5·1 answer
  • AWNSER THIS ASAP PLEASE
    15·2 answers
  • A pollution charge gives the trucking industry an incentive to reduce its emissions, as long as the of reducing the emissions is
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!