Earning fees for performing services for a customer or client will increase an asset account and increase a liability account
Indicate whether the statement is true or false
false
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Finch Corporation (E & P of $400,000) distributed machinery ($10,000 adjusted basis, $150,000 fair market value) to its sole shareholder, Kathleen. The property is subject to a $50,000 mortgage, which Kathleen assumed. How much dividend income does Kathleen recognize as a result of the distribution and what is her basis in the machinery?
What will be an ideal response?
The short-term plan or budget involves every part of the enterprise and is much more detailed than the long-term plan
Indicate whether the statement is true or false
Kirk presents an instrument that states "pay to the order of Liv" to Metro Bank for payment. This is a special type of draft drawn on a bank, ordering the bank to pay a fixed amount of money on demand. This is
A. a certificate of deposit. B. a check. C. a debit card transaction receipt. D. a trade acceptance.
________ allow you to specify the style of your page elements (spacing, margins, etc.) separately from the structure of your document
a) Filters b) Style declarations c) Cascading Style Sheets d) Text flows