In May, 1996, Mr. Sanders leased a unit in his apartment house to a tenant for a two-year term. The tenant prepaid the last two months' rent at the time he entered into the lease agreement. For federal income tax purposes, that amount will be considered as income for Mr. Sanders:
A: In May, 1996;
B: In May, 1998;
C: Will be prorated throughout the term of the lease;
D: When it is actually earned.
Answer: A: In May, 1996;
Business
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A randomized block design with four treatments and five blocks produced the following sum of squares values: SST = 1951, SSG = 349, SSB = 1414. Based on this data, the value of the SSE is calculated to be:
A) 188 B) 537 C) 1602 D) 1763
Business
Refer to the information above. Assume Apex borrows $2 million to finance its expansion. Apex's debt ratio immediately after the borrowing will be:
A. .10. B. .20. C. .33 (rounded). D. .18 (rounded).
Business