The installment sale method of accounting applies to which of the following?
A. $798,600 gain realized on sale of common stock in a publicly held corporation.
B. $89,300 gain realized on sale of business inventory.
C. ($41,500) loss realized on sale of land used in a trade or business.
D. None of the above
Answer: D
You might also like to view...
Which country was upgraded from "emerging" to "developed" status by the Financial Times Stock Exchange (FTSE) in 2009?
A) United States B) South Korea C) Britain D) Italy E) Malaysia
The deferred compensation element of an equity-based deferred compensation arrangement is the amount of compensation cost deferred and amortized (expensed) to future periods as the services are provided
Indicate whether the statement is true or false
Calder pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase. What is the budgeted accounts payable balance on December 31?Kuzma Foods, Inc. has budgeted sales for June and July at $680,000 and $750,000, respectively. Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31?
A) $225,000 B) $202,500 C) $183,600 D) $675,000
A study conducted in a manufacturing setting examined the effects of initiating structure and consideration on follower stress levels. It found that:
a. initiating structure reduced follower stress by reducing role ambiguity and conflict, providing useful rules, and so forth b. surprisingly, consideration had no beneficial effects on stress levels c. initiating structure on average increased follower stress levels d. both “a” and “b”