Norah's Music Lessons Inc

question 7

Multiple Choice

Norah's Music Lessons Inc.is a calendar year taxpayer using the accrual method of accounting.On October 1 of this year,the corporation received $1,200 for a one-year contract beginning on that date to provide 10 lessons.The company provided 6 lessons this year under the contract.How much should corporation include in income this year with respect to this contract?

• A)$480
• B)$360
• C)$720
• D)$1,200

---

Definitions:

Burning Fat

The process of breaking down fat cells to produce energy, often associated with exercise and a calorie-controlled diet.

Lose Weight

The process of reducing overall body mass, typically through a combination of diet, exercise, and lifestyle changes.

Body Weight Change

An increase or decrease in a person's mass, as measured by scales, often resulting from diet, exercise, or health conditions.

3,500 Calories

An approximation of the amount of energy required to lose or gain one pound of body weight, used in nutritional and weight management contexts.