Business

17 July, 15:31

Brittany, an accrual basis taxpayer, operates a small distribution business. Her records show the following income items for the year: Sales - paid, $64,000. Sales - unpaid, $2,750. Distributor-of-the-year prize from her supplier of $1,975. What amount does Brittany report as her gross income on her Schedule C?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Brittany, an accrual basis taxpayer, operates a small distribution business. Her records show the following income items for the year: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Once the marketing communication has captured the interest of its target market, the goal of subsequent imc messages should be to move the consumer from

Which of the following is not a type of information system studied in this course? operational managerial executive secretarial

The Apple iPod changed the way people listen to music but it also created an entirely new industry devoted to accessories such as cases, ear buds, docking stations, and speakers. The Apple iPod is considered a ___.

Secured bonds are bonds that: a. can be converted into common stock. b. are in the possession of a bank. c. have specific assets of the issuer pledged as collateral. d. mature in installments.

Define what a "transactional" relationship is, and discuss how this occurs in logistics.

New Questions in Business

Which of the following statements is most consistent with efficient inventory management? The firm has a: a. low incidence of production schedule disruptions. b. below average total assets turnover ratio. c. relatively high current ratio.

Units to be Assigned Costs Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet.

Select all the correct answers Amber is writing to an accountant that she would like to interview to gain information about the career field. What information should she include in her letter? A.

What is the acid-test ratio for a merchant with the following account balances? (Round your answer to two decimal places.

When the market fails to adjust for the full costs of a firm's behavior, this is called?