Action quest games inc. adjusts its accounts annually. the following information prepare and post transaction is available for the year ended december 31, 2017 and adusting eratries for prepayments 1. purchased a 1-year insurance policy on june 1 for $1,800 cash. 2. paid $6,500 on august 31 for 5 months' rent in advance. 3. on september 4, received $3,600 cash in advance from a corporation to sponsor a lo 2, 3), ap game each month for a total of 9 months for the most improved students at a local school 4. signed a contract for cleaning services starting december 1 for $1,000 per month. paid for the first 2 months on november 30. (hint: use the account prepaid cleaning to record prepayments.) on december 5, received $1,500 in advance from a gaming club. determined that on december 31, $475 of these games had not yet been played 5. instructions the above transactions, prepare the journal entry to record the initial (b) for each of the above transactions, prepare the adjusting journal entry that is required (c) post the journal entries in parts (a) and (b) to t-accounts and determine the transacion on december 31. (hinz: use the account service revenue for item 3 and repairs and maintenance expense for item 4.) final balance in each account balance. (note: posting to the cash account is not required.)

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Which of these makes a student loan different from other types of loans