Answer and Explanation:
The tax consequences for the following events -
a. The organization should record the amount of $10,000 in the year 2018 as they followed the cash basis and the cheque should be equal to the cash also troy could not able to record the bonus till it is actually collected
b. As per the accrual basis, the income should be recorded when they are earned not when they are received so the corporation should record the income in the year 2018 as the agent performed the service
c. Since the restrictions that are imposed on cheque for payment purpose should be treated as the substantial and the cheque should not be equivalent to the cash because the customer told that check should be held till Jan 2019 so the income should not be recorded in 2018
Answer: True
Explanation:
Groupware is a set of programs that makes it possible for people to work together on a common course even though they are at different locations from each other. In this way, they can work together remotely.
Computer programs that makes work collaboration to be possible real time are known as synchronous groupware.
Groupware provides computer-mediated communication systems, allowing different viewpoints and ideas to be compared and discussed in real time.
Answer:
b) cyber fraud
Explanation:
Based on the information provided within the question it seems that this is an example of cyber fraud. This refers to a fraud or deception that is done over the internet with the goal of tricking victims in a variety of different ways in order to steal their money, property or even inheritance. Which is the case in this scenario as Don tricked Eve into providing her U.S. bank account, which he used to gain access and steal all her funds.
Answer: Gwen should report a $3,000 long-term capital gain in her income tax return.
In this question the price paid by Gwen’s mother for the shares is irrelevant because of her death.
The stock’s fair market value ($20) when Gwen inherited the shares (21st October 2015) is Gwen stepped up value.
Gwen’s gain from selling the shares is:
Gwen inherited the shares on (21st October 2015) and held the shares until (3rd july 2017), so she held the shares for more than one year after inheriting it. So, she will report a long-term capital gain on her income tax return.
For heavy-duty vehicles, sintered-metal brake linings
are typically use for better performance and brake lining rivets is the best
choice to secure brake shoe linings on trucks and other vehicles. Sintered brake
linings offers a stable friction coefficient and produce good bite right away
for safer travel. Moreover, they
have good properties such as the ability to handle extreme heat well, they are
resistant to fade, typically last longer than other types, and perform well
even in rain and mud, which make it to be a choice for heavy-duty vehicles. <span>However, rivet heads may score the drum if the linings
are not replaced soon enough, so proper maintenance should not be neglected.</span>
