The best answer for this is D. None of the above. Renting has a lot of benefits especially for people whose job requires to travel or job that needs to be relocated most of the time. Renting can be more flexible than owning a home in a specific place or location. Renting is also cheaper than owning a home/house since the payment is lower than house payment.
That statement is false.
WHAT ARE "OPERATING ASSETS"?
Operating assets are assets acquired for use of the ongoing operations of a business.
OPERATING ASSETS INCLUDE:
Inventory, accounts receivable, & fixed assets.
WHY IS IT FALSE?
This statement would've been correct up until this point: "but not any depreciable fixed assets."
Answer:
John should include $1,600 as rental income on his Year 4 tax return as a result of the $2,000 payment.
Explanation:
As a cash-basis taxpayer, John's taxable income is based on the actual cash receipts and payments made in the accounting period. The refundable part of the rent should not be included as rental income since it is a security deposit that would be returned at the end of the lease period. If John were an accrual-basis taxpayer, the rental income to be included would have been only $800 representing income for Year 4.
The answer to this question is the term Value delivery network. A Value delivery network is a system that is made up of the participants like the company, suppliers, distributors that are all involved in the marketing, distributing, production, and even the customer service of the goods and services in a specific or geographic area / market. This team partners together for a common goal, to provide good service.
Answer:
B
Explanation:
Had the same question and it was the correct answer
