Answer:
A. N0
B. She may likely bargain for the payments that was reason been that she expects the payments to be in a lower marginal tax bracket in 2021
C. NO
Explanation:
a. No .Based on the information given the amount of $252,000 was NOT constructively received in the year 2020 reason been that She has the amount of $132,000 which is a deferred income amount that
is not constructively received in 2019 and the reason why the amount was not received was because been under the main contract terms she did not have the sole right to receive the income in the year 2020.
b. Freda's willingness to spread her salary over a longer period of time may be due to the fact that She may likely bargain for the payments reason been that she expects the payments to be in a lower marginal tax bracket in the year 2021
c. Based on the information given she is NOT in constructive receipt of the income in the year 2020.
Answer:
idk, just go for it if its wut u want
Explanation:
NO. Lenders doesn't always accept application for credit. They always perform investigation about the financial status of the applicant. Only once the financial status of the applicant is finished reviewed and passed, the application for credit will be accepted.
Answer:
D
Explanation:
All tips income is taxable
Answer:
Adjusted Balance 31,671
Explanation:
<em>CASH </em>
Balance 25,497
Service Charge -11
Collection in firm behalf 7,000
NSF -805
accounting mistake -10
Adjusted Balance 31,671
<em>BANK </em>
Balance 26,808
Outstanding Check -3,269
Deposit in transit 8,132
Adjusted Balance 31,671
The goal of the reconciliation is to make up for the unknow information for each party. The bank and the firm We are goin to make jounral entries for all the infoamrition which is unknow to the firm until the bank statement is received.
