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]
3 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:
monitta3 years ago
6 0
According to the references used I believe the answer would most likely be ...
You might be interested in
The costs of the Accounting Department at Central Hospital would be considered by the Surgery Department to be:
Katarina [22]

Answer:

b) Indirect cost

Explanation:

Accounting department is a service department, providing services to all business departments of the organisation, thus cost of accounting department cannot be attributed directly to any specific activity. Thus cost of accounting department to all business centers will be an indirect cost.

3 0
3 years ago
In the current year, Mosely Company reported a net cash inflow from operating activities of $140,000. It also collected $10,000
balandron [24]

Answer:

$115,000

Explanation:

In calculating free cash flow the formula is stated below:

FCF=EBIT(1-tax rate)+depreciation and amortisation-changes in working capital-Capital Expenditure

In this scenarion only EBIT(earnings before interest and tax of $140,000) and capital expenditure are available.

By substituting the two known variables into the formula, the answer gives $115,000 as stated above.

8 0
3 years ago
__________ refers to a reduction in the proficiency needed to perform a specific job that leads to a corresponding reduction in
otez555 [7]
That would be "Job deskilling."  

hope that helps
8 0
3 years ago
Read 2 more answers
An acceptable use policy defines procedures employees should perform to protect the network's security.Answer
Romashka [77]
True because its true

5 0
3 years ago
True or false: a minimum wage below $10 per hour is a binding minimum wage in this market.
BaLLatris [955]
It's FALSE.


To be able to make the minimum wage be binding, an expert in economics calls it a minimum gross to prevent the industry market from accomplishing equilibrium a binding smallest amount wage.
It must be set above the equilibrium gross. However, below or at least $10 per hour would not be binding.
7 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following is true about conflicts of interest?
    9·1 answer
  • All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______
    14·1 answer
  • The growth rate in the fourth quarter of 2010 was 3.1%. What was the growth rate in the first quarter of 2011?
    6·2 answers
  • The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?
    8·1 answer
  • Fournotts Corp., a sports shoe manufacturer, launched a new sports shoe.As a part of publicity, it invited its customers to try
    15·1 answer
  • You are attempting to value a call option with an exercise price of $100 and one year to expiration. The underlying stock pays n
    9·1 answer
  • Deere & Company is a global manufacturer and distributor of agricultural, construction, and forestry equipment. The company
    14·1 answer
  • The constant growth model assumes which of the following?
    15·1 answer
  • During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of whi
    7·1 answer
  • General Importers announced today that its next annual dividend will be $2.60 per share. After that dividend is paid, the compan
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!