subject
Business, 17.12.2019 18:31 ashneedshelp1251

Orange cable tv company, an accrual basis taxpayer, allows its customers to pay by the year in advance ($600 per year), or two years in advance ($960). in september 2018, the company collected the following amounts applicable to future services: october 2018-september 2020 services (200 two-year contracts) $192,000 october 2018-september 2019 services (200 one-year contracts) 120,000 total $312,000 as a result of the above, orange cable should report as gross income for 2019:

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability
Answers: 2
question
Business, 21.06.2019 22:40
Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.
Answers: 2
question
Business, 22.06.2019 08:30
Blank is the internal operation that arranges information resources to support business performance and outcomes
Answers: 2
question
Business, 22.06.2019 21:30
Providing a great shopping experience to customers is one of the important objectives of purple fashions inc., a clothing store. to achieve this objective, the company has a team of committed customer service professionals whose job is to ensure that customers get exactly what they want. this scenario illustrates that purple fashions is trying to achieve
Answers: 1
You know the right answer?
Orange cable tv company, an accrual basis taxpayer, allows its customers to pay by the year in advan...
Questions
question
Mathematics, 10.07.2019 12:30
Questions on the website: 13722367