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lawyer [7]
2 years ago
15

Hal Gore won a $1 million prize for special contributions to environmental research. This prize is awarded for public achievemen

t, and Hal directed the awarding organization to transfer $400,000 of the award to the Environmental Protection Agency. How much of the prize should Hal include in his gross income?
A. $400,000
B. $600,000
C. $1 million
D. None of these because all prizes are excludible
E. None of these because prizes from charities are excludible
Business
1 answer:
Vikki [24]2 years ago
7 0
I think the answer is A
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One guide to choosing a leadership approach uses a series of questions. For example, "Is decision quality highly important?" or
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Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in comm
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Answer:

$90

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At the end of the day, the cash register tape shows $1,000 in cash sales but the count of cash in the register is $1,035. The pr
creativ13 [48]

Answer:

correct answer is C. Credit to Cash Over and Short for $35

Explanation:

given data

cash sales = $1,000

cash in register = $1,035

solution

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and Sale account will be credit to extent

and difference in count of cash and the cash register tape as

difference in count of cash = $1035 - $1000

difference in count of cash = $35

so correct answer is C. Credit to Cash Over and Short for $35

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1 year ago
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