Answer:
Option A is correct
Explanation:
What we need to know to solve this question is how the cash method for accounting works in this scenario.
Thus, using the cash accounting method income is to be recognized when cash is received, thus the taxpayers for tax purposes will be reporting income when the income is received (in the form of services, cash, property, etc.).
Answer:
Release
Explanation:
A release is defined as a legal document that is drafted by the released, and terminates any legal legal liability that exists between release and the released.
The release is required to sign the document to make it binding.
Releases are compromise between the plaintiff and defendant that aims to terminate litigation.
In this scenario Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000. This is a release and if it is signed by Wyatt, releases Francisca of financial obligations.
Answer:
8gc uv u o du I. 8. o ixd u. o
Answer: C) an increase in the capital/labor ratio and an increase in consumption per worker
Explanation:
An increased in the saving rate in a steady state caused the increased in the consumption for each worker when the ratio of the capital labor become capital stock under the golden rule. As, the rate of the higher saving automatically increased the growth of the economical rate. When there is shifting from lower to higher in the steady state then, the rate of the growth increased.
Answer:
D. $3,500
Explanation:
we must focus on the result of the year and the dividends paid, since these decrease the <u>Retained Earnings</u>
Cash flow has no impact and the insurance of stock is within the result of the year
2019, income was 1200 less dividends allocated
200
<u>Retained Earnings</u>= 1000
2020 result of 500 without dividend distribution
<u>Retained Earnings</u>= 500
2021 result of 2300 and distribution of dividends by 300
<u>Retained Earnings</u>= 2000
<u>Total Retained Earnings</u>= 3500
