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
babunello [35]
3 years ago
13

With respect to income from services, which of the following is true?a. The income is always amortized over the period the servi

ces will be rendered by an accrual basis taxpayer.b. A cash basis taxpayer can spread the income from a 24-month service contract over the contract period.c. If an accrual basis taxpayer sells a 36-month service contract on July 1, 2017 for $3,600, the taxpayer's 2017 gross income from the contract is $600.d. If an accrual basis taxpayer sells a 24-month service contract on July 1, 2017, one-half (12/24) the income is recognized in 2018.e. None of these.
Business
1 answer:
shtirl [24]3 years ago
8 0

Answer:

C. If an accrual basis taxpayer sells a 36-month service contract on July 1, 2017 for $3,600, the taxpayer's 2017 gross income from the contract is $600.

You might be interested in
A feasibility study is aimed primarily at __________.
swat32

Answer:

accessing the viability of a business

Explanation:

Feasibility study is an evaluation that is carried out on a proposed business venture in order to ascertain the viability of the business.   feasibility study helps to understand the positive and negative effects of the proposed business and prepare ones mind against any future risks that might want to arise. The feasibility study is aimed primarily at accessing the viability of a business

8 0
3 years ago
Pizza International, Inc. operates 700 family restaurants around the world. The company’s annual report contained the following
Thepotemich [5.8K]

Answer:

$22,546

Explanation:

The preparation of the Cash Flows from Operating Activities -Indirect Method is shown below:

Cash flow from Operating activities

Net loss  -$9,473

Add: depreciation $33,350

Less: Increase in Receivables -$179

Add: Decrease in Inventory $661

Less: Increase in Prepaid Expenses -$673

Less: Decrease in Accounts Payable -$2,291

Less: Decrease in Accrued Liabilities -$728

Add: Increase in Income Taxes Payable $1,879

Net Cash flow from Operating activities $22,546

Note payable is considered long term liabilities. Hence, we ignored it

The positive sign shows the inflow of cash while the negative sign shows the outflow of cash and the same is shown above

7 0
3 years ago
Kim runs a restaurant. She expects her employees to deliver excellent customer service. As a result, the employees often feel pr
Harrizon [31]

Answer:

C) The authority-compliance style

Explanation:

Kim as well as other managers that follow the authority-compliance style believe that their subordinates are not important members of the organization. What matters is profits, and the higher the better, the needs of the employees are secondary.

This style focuses on exact work rules, arrangements, systems and discipline as a means to succeed. In the short run this leadership style can yield good results, improving employees' performance, but on the long run it doesn't work well, and all the benefits obtained at the beginning fade away.

5 0
3 years ago
Economic integration is a process of eliminating restrictions on international trade, payments, and factor mobility. Economic in
valina [46]

Answer:

True

Explanation:

Economic integration refers to an agreement between countries to eliminate trade barriers and coordinate their monetary policies. The integration allows to reduce trade costs, more employment opportunities as there is mobility and market expansion. Usually, this is considered a regional trading arrangement as it tends to be between neighboring countries. An example of a economic integration is the European Union. According to  this, the statement is true.

4 0
3 years ago
Based upon the following data, what is the cost of the land? Land purchase price $196,981 Broker's commission 18,718 Payment for
dexar [7]

Answer:

$219,084

Explanation:

The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.

Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.

Hence the cost of the land

= $196,981 + $18,718 + $3,885 - $500

= $219,084

8 0
3 years ago
Other questions:
  • Which food choice would you reach for first at the salad bar if you wanted to increase your iron intake?
    11·1 answer
  • Reagan is a new HR manager for a large company. She is concerned about the number of employees leaving the company and the lack
    8·1 answer
  • Twelve years ago, the Archer Corporation borrowed $6,200,000. Since then, cumulative inflation has been 80 percent (a compound r
    13·1 answer
  • The use of sharp, temporary price cuts as a form of _________________ would enable traditional US automakers to discourage new c
    8·2 answers
  • A city assesses property owners $50 million to extend sewer lines to their neighborhood. By year-end, however, it has not begun
    5·1 answer
  • A good is nonrivalrous in consumption ifa. its consumption by one person does not reduce its consumption by othersb. its consump
    10·1 answer
  • Dan plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for th
    13·1 answer
  • V
    12·2 answers
  • You are an experienced manager, and you fortunately have the ability to use all four managerial styles: directing, coaching, sup
    10·1 answer
  • In market economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!