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Anastaziya [24]
2 years ago
8

Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received

stock with a value of $4,000 for her services. By the end of the year, the value of the stock had decreased to $2,000. She continued to hold the stock. Judy must recognize $4,000 of gross income from the stock for the current year.
a. true
b. false
Business
1 answer:
inn [45]2 years ago
5 0

Answer:

Judy must recognize $4,000 of gross income from the stock for the current year.

True

Explanation:

When you receive stock in lieu of cash for payment for services rendered. you'll first owe income tax based on the value of the stock at that time.

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Growler Commercial Cleaning Company collects $1,000 deposit associated with the rental of industrialcleaning equipment. The depo
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Explanation:

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3 years ago
Although New York State is second only to Washington State in production of​ apples, its production has been declining during
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Answer:

1. Increase in number of orchards

2. Increase in housing prices

Explanation:

1. What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?

There is going to be increased demand for apples due to this new diet and this increase in demand is going to bring about a hike in the price for apples. This price increase would make business to be viable for these apple farmers. More people would want to own orchards just to make money out of the boom in apples. Because apple farming now seems to be more profitable than other activities. <u><em>So this would cause the number of apple orchards that are within 100 miles of new york city to increase.</em></u>

2.  What effect is the diet likely to have on housing prices in New York City?

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4 0
2 years ago
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The answer to this question will be A
5 0
3 years ago
________ often assist companies and their employees with ethical issues by formally addressing contributions to government offic
spin [16.1K]

Answer: Code of ethics

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It assists the organizations and its members to understand the difference between right and wrong, and helping them to make ethical decisions.

Hence from the above explanation we can conclude that the correct answer is code of ethics.

4 0
3 years ago
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