Alpha had taxable income of $1,500 during 2014 . Alpha used accelerated depreciation for tax purposes ($2,000) and straight-line depreciation for financial reporting purposes ($800). On December 30, 2014, Alpha collected the January 2015 rent of $600 on a lot it rents on a month-by-month basis to Zenith. Alpha's pretax accounting income for 2014 would be

a. $900.
b. $2,100.
c. $3,300.
d. $3,700.


B

Business

You might also like to view...

In a SWOT analysis, which of the following could you discover as potential inner weaknesses (harmful)?

A. New markets B. Competitor issues C. Damaged reputation D. Cost advantages

Business

A master budget consists of a set of operating budgets and a set of financial budgets for a specific accounting period

Indicate whether the statement is true or false

Business

Which of the following would be the best medium for an advertisement encouraging customers to come to a local retailer's weekend sidewalk sale?

A) magazine B) network television C) local newspaper D) directory E) advergaming

Business

By and large, the UN record of facilitating business transactions has been minor.

Answer the following statement true (T) or false (F)

Business