Answer:
They will go broke
Explanation:
because if they spend over budget thats not enough money so they will be broke
Answer:
(C)
Explanation:
Premiums is something given as a reward, prize, or incentive.
In this case, the college entertainers offered an incentive or reward (premiums) to the people who came to see them perform.
The shirts would encourage the people who came to see them perform to be present some other time.
For example, a grocery store may give free sweets to children who accompany their parents to the store.
Solution :
a). In the context, Jim received $ 275 for the car repairing services form some member from the club. In this exchange of the services, an income is been received in amount of a value of the services received ( the gross income includes receipt of the services and also the money and goods). Therefore, Jim is being taxed on an amount of $275 for the car repair services.
b). The issue in this case is whether a "credit" represents the valuable right. As the right can be redeemed for the that is property worth of $150, then under the constructive receipt, Jim must recognize an income of $150.
c). Jim received an credit of $450 to be applied for the next year. If the credit can be redeemed or used for any future services, the taxpayer then can argue that the realization has not yet occurred. But, it has be included in Jim's gross income for the next year when his credit amount becomes the valuable right.
Answer:
b.insurance costs during construction
Explanation:
As we know that the building is come under the fixed assets whose life can be 10 years or more
So while constructing the building various cost is included i.e manufacturing cost which comprises of material, labor, and overhead
Plus, the insurance cost that is to be incurred during the construction period is also included
Hence, b option is correct
Answer:
false
Explanation:
A mutually exclusive project is a project that if one occurs then the other project cannot occur also at the same time. Mutually exclusive projects are independent projects also
