Which of the following describes a situation where you would most likely choose passive income over another type of income?

1 answer:

5 0

<span>a. A very successful band wants to record a song you wrote. You can sell the rights to the song or keep the rights and collect a percentage of the price of each compact disk sold.

</span>Passive income is e<span>arnings that an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved.</span>

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Omega Corp. has entered into a transaction with Lively Inc. Omega Corp will give its equipment to Lively Inc. in exchange for Li

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Answer:

Explanation:

Equipment-from Lively $260,000

Accumulated Depreciation Dr.$80,000

Equipment-old Cr. $250,000

Cash Cr.$30,000

Gain on Exchange Cr.$60,000

Equipment-from Lively (212,000-35,000) Dr.$177,000

Accumulated Depreciation Dr.$80,000

Loss on exchange (balancing figure) Dr.$23,000

Equipment old Cr.$250,000

Cash Cr.$30,000

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You sign a contract to purchase a machine that will allow you to travel back in time and meet abraham lincoln. assuming that tim

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The correct option is C). Void contract. It is void type of contract if you sign a contract to purchase a machine that will allow you to travel back in time and meet Abraham Lincoln.

<h3>What is void contract?</h3>

Void contract is a formal contract between two parties, which is not authorized by the law and enforceable from the moment it was created.

A void contract is little differ from the valid contract. Void contract is not an actual contract, despite it is unenforceable.

Both void and voidable contract are null, but a void contract cannot be officially valid.

Learn more about the void contract here:-

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The process of writing SMART goals is carried out at which stage of the personal financial management pyramid?

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It is carried out on every stage

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Usually a company is classified as a single business firm when revenues generated by the dominant business are greater than ____

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Answer: A company is classified as simple business when revenues generated by the dominant business are greater than 95%.

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