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Harlamova29_29 [7]
2 years ago
8

After completing medical school, Dr. Johnson had $200,000 in student loan debt. He fulfilled an obligation as part of his studen

t loan contract to work as a doctor for four years on an Indian reservation. At the end of the four years, all his student loan debt was canceled. Dr. Johnson will need to report what amount of income on his tax return in the year the debt was forgiven
Business
1 answer:
Leya [2.2K]2 years ago
5 0

Answer:

200,000

Explanation:

As he has repaid the loan amount of 200,000 he has earned 200,000 so he has to show 200,000 as income.

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The inventory costing method that reports the earliest costs in ending inventory is:_______
nikdorinn [45]

Answer:

a. LIFO.

Explanation:

The LIFO method refers to an inventory method that means the item which is last purchased should be sold first during the period of time. So in this inventory method the earliest cost in the closing inventory should be recorded

Therefore the given situation, the correct option is a.

And, the other options are wrong

4 0
3 years ago
. A business cycle is the a. period of time in which expansion and contraction of economic activity are equal. b. period of time
Mama L [17]

Answer:

c. recurring growth and decline in real GDP.

Explanation:

A business cycle is also called a economic cycle or trade cycle, and it is the fluctuation of GDP up and down along its long term growth trend. A business cycle consists of a period of boom and contraction in sequence.

It shows rise and fall in production of goods and services within a country including output from businesses, individuals, households, nonprofits, and government.

There are 4 stages that make up the business cycle that is peak, recession , trough, and expansion.

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3 years ago
Jamie can't help but notice and be negatively affected by the interviewer's frown as he explains to her why he left his last job
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3 years ago
When it comes to brochures and especially slides, Orange Photography would agree with the chapter that subtle details, such as _
bezimeni [28]

e) consistent color selections; multiple fonts

8 0
3 years ago
Buyer Kristin has a buyer agency agreement with Carlotta, a licensee. Kristin's brother, Dalton, is going to showings with Krist
Lesechka [4]

The person that is going to be the client of Carlotta would be Kristen herself.

<h3>Who is a client?</h3>

This is the term that is used to refer to the person that is making use of the services of another professional.

The client has the agent working for him or her. Kristin is the direct client in this question.

Read more on client here: brainly.com/question/989551

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