After buying books at the beginning of the semester, Iris finds a $50 bill outside the door of the bookstore. The $50 is considered gross income. Which of the following supports this treatment?
a. All-inclusive Income Concept.
b. Capital Recovery Concept.
c. Wherewithal-To-Pay Concept.
d. Administrative Convenience.
e. Constructive Receipt Doctrine.
a
Business
You might also like to view...
Body movement of an employee is typically analyzed by an activity chart.
Indicate whether the statement is true or false
Business
Another use of marketing research is to monitor marketing performance, which takes place prior to implementing marketing strategies
Indicate whether the statement is true or false
Business