Business, 23.01.2020 19:31 jgrable5175
On december 1, 2019, ral received advance rental of $27,000 from a tenant for a three-year lease commencing january 1, 2020 to cover rents for the years 2020, 2021, and 2022. in conformity with gaap, ral did not include any part of this rental in its income statement for the year ended december 31, 2019. what amount should ral include in its 2019 taxable income for rent revenue?
Answers: 1
Business, 22.06.2019 00:30
Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150
Answers: 1
Business, 22.06.2019 07:30
Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.
Answers: 3
Business, 22.06.2019 09:00
You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer
Answers: 3
On december 1, 2019, ral received advance rental of $27,000 from a tenant for a three-year lease com...
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