Business, 17.01.2020 02:31 jesusmojica25
Stuart, a cash-basis taxpayer, operates a small retail store. his books show the following income items for the year: sales – paid, $84,357; sales – unpaid, $1,549; and sale of cardboard packaging to recycling company, $1,314 – paid. what does stuart report as his gross income on his schedule c? a. $87,220b. $85,906c. $85,671d. $84,357
Answers: 1
Business, 22.06.2019 19:00, Anonymouslizard
All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.
Answers: 1
Business, 23.06.2019 10:40, 19sierraamber
The mccolls have made an offer on a new home. the home is new construction and scheduled to be completed by the end of the year. they provide a purchase deposit--a check in the amount of $40,000--to their agent, suzette. suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. did suzette follow the proper procedures? a. no, the check should not have been cashed. if a check is used as an earnest money deposit, it is to be held until acceptance of the offer. the seller must also be informed the buyer's check is being held and not negotiated. b. yes, suzette deposited the earnest money in the broker's trust fund account as directed. she also deposited the check within three business days of receipt. unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed. c. no, suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days. d. both a and c
Answers: 2
Stuart, a cash-basis taxpayer, operates a small retail store. his books show the following income it...
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