1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kenny6666 [7]
2 years ago
11

Jane is a roofing contractor. Jane's friend needed a new roof but did not have the cash to pay. Jane's friend instead paid with

a used truck that Jane could use in her roofing business. The truck had originally cost the friend $17,500 but it was gently used and only worth $6,000. Jane did not actually need the truck and ended up selling it to a used car dealer for $5,200 a few months later.
Required:
a) What amount of gross income Jane must recognize as a result of the truck payment?
Business
1 answer:
monitta2 years ago
6 0
According to the references used I believe the answer would most likely be ...
You might be interested in
What is the cash flow equation?
aksik [14]
Cash flow=net income+non-cash expenses-increase in working capital.
4 0
2 years ago
Read 2 more answers
Black market dealers are often legitimate businesses with questionable and illegal practices. (points : 2) true false
amm1812
 The Black Market is a series of dealers who can get you a product that has been repealed from stores, such as 2006 yellow Tide, which cleaned the products too good, forcing the company to take it off the market because they wanted to continue to sell products that they claim better than the last. The Black Market is illegal and if currently under high investigation by governments all over the world. So, if the Black Market practice itself is illegal and all actions taken while in the Black Market are as well, I think you can finalize your answer. Hope this helped!
6 0
3 years ago
Most presentation programs allow you to customize _____.
Alex Ar [27]
Presentation programs allow you to customize both design templates and design layouts. Hope this helps!
6 0
3 years ago
Read 2 more answers
The government sector balance is equal to net taxes​ ________ government expenditure on goods and services. If that number is​ _
Dovator [93]

Answer:

less

positive

negative

Explanation:

The government sector balance is income from taxes less government spending

Government sector deficit occurs when government spending exceeds income of the government.

When deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing

When there is a surplus, government spending is less than the income of the government. Government is able to lend to other sectors

7 0
2 years ago
Two individuals at a retail store work the same cash register. You evaluate this situation as Select one: a. Supporting internal
spin [16.1K]

Answer:

B. A violation of establishment of responsibility

Explanation:

They both should have established something different to work on but for both of them to work the same cash register, it is a violation of establishment of responsibility

5 0
3 years ago
Other questions:
  • A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of . The accept
    13·1 answer
  • 1. A simple random sample of size 15 is drawn from a normal population whose standard deviation is assumed to be 8. What's the m
    9·1 answer
  • "When aggregate demand​ increases," A. the price level is likely to fall as GDP rises. B. aggregate supply will shift to the rig
    8·1 answer
  • A company seeking investment opportunities has collected the following​ information:Project AProject BProject CProject DInitial
    6·1 answer
  • An agent is authorized to act on behalf of a principal in doing business with third parties. True False
    10·1 answer
  • Lesley Torres is a project manager for the campaign​ "Action against Deforestation in​ Indonesia." She recently faced a glitch w
    8·1 answer
  • A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the fou
    15·2 answers
  • Production Budget
    5·1 answer
  • When the Federal Reserve lends money to banks and other financial institutions because no one else will, it is: Please choose th
    6·1 answer
  • 9. How is planning made any why is it important ? Explain .<br><br>​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!