The business income and extra expense coverage form covers loss of business income and continuing normal operating expenses. How is business income (revenue) defined?
A) total sales
B) total sales less cost of goods sold
C) pre-tax net profit
D) after-tax net income
Answer: C
You might also like to view...
What is an HR dashboard?
What will be an ideal response?
Which among the following is NOT a reason for increasing the number of sales calls?
A. Increase in servicing requirements B. Increase of cost of goods sold C. Increase of orders placed D. Increase of product lines sold E. Increase of potential future sales
Beck is an accountant who prepares her clients' tax returns. Cole is not an accountant, but he also prepares tax returns for clients. Under the Internal Revenue Code, liability for preparing a false return may be imposed on A) Beck and Cole
B) Beck only. C) Cole only. D) none of the choices.
The parties may agree that the adequacy of performance under a contract is to be determined by a third party.?
Indicate whether the statement is true or false