Realized income is included in gross income unless a tax provision specifies that it can be deferred or excluded.
Answer the following statement true (T) or false (F)
True
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What criteria must sales transactions meet in order for the seller to recognize revenues before collecting cash?
a. The revenues must be earned (the firm must have achieved substantial performance). b. The amount to be received must qualify as an asset (there must be a future economic benefit and the amount must be measured with sufficient reliability). c. The firm must have a reasonable expectation that it will collect the amount owed from the customer. d. all of the above e. none of the above
The example given in the textbook for job enlargement stated that Kamal suggests the runners could help out in the kitchen during quiet periods, washing dishes or chopping vegetables. Similarly, the hosts could leave their stations when it’s not busy to collect glasses from tables for the bar staff, and perhaps the kitchen staff could swap duties now and then, or, following some training, take turns working as sous- chef for the night. This relates to which dimension of the job characteristics model?
a. Skill diversification b. Task significance c. Task identity d. Skill variety
Congressional authority to provide for review of agency actions extends to each of the
following except: a. setting time limitations on review b. determining the method of review to be utilized c. precluding review altogether d. providing for review of actions committed to the agency discretion
Which of the following is a good idea for preparing your poster?
a. Let your message come to you as you create the poster. b. Give the poster a short, vague title. c. Keep the message simple. d. Impulsively edit text.