Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs, accounting profit consists of revenue minus explicit costs.
The answer would be D noncumulative stock.
Answer:
The whole of the $480,000 gained
Explanation:
Barney and Betty are selling their home for $660,000 and the cost incurred is $180,000. Their net profit is 660,000-180,000= $480,000.
However Barney and Beth have lived in the house for 18 months, they have not stated for up to two years, so they do not meet the two year ownership and use test.
All of the gain on the sale will be included as gross income. That is the whole $480,000 gained.
Lynette is using the compensation method to respond to Gary. When you are compensation for something that means you are getting paid for a service you provided. Compensation methods within business refer to the advertising, internet marketing, search engine marketing, and other marketing tactics which compares different strategies to one another. Lynette is using this method to explain how the printer will benefit him with how it compares to other ones on the market.
They use Shekel as monetary commodity
shekel is also the present currency of Israel. In the ancient times the weight of a shekel may be converted to several pounds of Barley