subject
Business, 12.05.2021 02:50 justtryingtopass7

BugLess Inc, a calendar year, accrual basis corporation, provides pest extermination services to its customers. In October 2020, BugLess contracted with Mr. Cass to provide monthly service calls for 24 months. Each service call costs $60, and Mr. Cass prepaid $1,440 when he signed the contract. BugLess made three service calls to Mr. Cass' home in 2017. As a result of the contract, BugLess should report: Group of answer choices $1,440 taxable income in 2020. $180 taxable income in 2020, and $1,260 taxable income in 2021. $180 taxable income in 2020, $720 taxable income in 2021, and $540 taxable income in 2022. None of the above

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 16:10, Diego5140
Visburg concrete company pours concrete slabs for single-family dwellings. lancing construction company, which operates outside visburg's normal sales territory, asks visburg to pour 40 slabs for lancing's new development of homes. visburg has the capacity to build 300 slabs and is presently working on 250 of them. lancing is willing to pay only $3, 300 per slab. visburg estimates the cost of a typical job to include unit-level materials, $1, 440: unit-level labor, $720: and an allocated portion of facility-level overhead, $1, 200. required calculate the contribution to profit from the special order. should visburg accept or reject the special order to pour 40 slabs for $3, 300 each?
Answers: 2
image
Business, 22.06.2019 15:10, hvvhvc
Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4
Answers: 2
image
Business, 22.06.2019 16:30, AriaMartinez
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
image
Business, 22.06.2019 20:40, julio38
If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.
Answers: 1
You know the right answer?
BugLess Inc, a calendar year, accrual basis corporation, provides pest extermination services to its...

Questions in other subjects:

Konu
Chemistry, 24.04.2020 09:25