subject
Mathematics, 08.03.2021 18:10 cchave9563

In 2020, the company completed seven contracts that allow for the customer to pay on an installment basis. DeJohn recognized the related gross profit of $560,000 for financial reporting purposes. It reported only $112,000 of gross profit on installment sales on the 2020 tax return. The company expects future collections on the related installment receivables to result in taxable amounts of $112,000 in each of the next four years.

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 12:30, itsdeevv
Which statement describes the term economics? a. it is the study of using limited resources to fulfill wants and needs. b. it is the study of how governments fulfill the wants and needs of nations. c. it is the study of how people spend their money to fulfill wants and needs.
Answers: 1
image
Mathematics, 21.06.2019 13:20, animegirl02
What is the equation and solution for the sentence? the sum of a number and thirty-one is one hundred thirteen. write the equation as n-31=113 and subtract 31 from both sides. the answer is 82. write the equation as n+31=113 and subtract 31 from both sides. the answer is 82. write the equation as n+31=113 and add 31 to both sides. the answer is 144. write the equation as n-31=113 and add 31 to both sides. the answer is 144.
Answers: 1
image
Mathematics, 21.06.2019 20:00, lucerogon7403
How can you construct perpendicular lines and prove theorems about perpendicular lines
Answers: 3
image
Mathematics, 21.06.2019 21:00, chainsaw234567
Which of the following parabolas opens down?
Answers: 1
You know the right answer?
In 2020, the company completed seven contracts that allow for the customer to pay on an installment...

Questions in other subjects:

Konu
Mathematics, 15.01.2021 01:00
Konu
Mathematics, 15.01.2021 01:00