Lindsay Corporation Made the Following Payments to the Family of Luke

question 7

Multiple Choice

Lindsay Corporation made the following payments to the family of Luke Marshall,an employee who died during the year. $5,000 for Luke's final paycheck that he failed to collect
$10,000 for accrued vacation days as required by the employment contract
$25,000 in admiration of Luke's outstanding service to the community
What is the total amount that Luke's family must include in income?

• A)$0
• B)$5,000
• C)$15,000
• D)$40,000

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Definitions:

Geology Setting

The physical, chemical, and biological conditions that characterize a particular area or environment where geological processes occur.

Slope Failure

A phenomenon where a slope collapses due to gravity and other factors such as water saturation, leading to landslides.

Steepness

The measure of how sharp or incline a slope or angle is.

Debris Flows

Rapid, downhill flow of soil and rock fragments containing a large amount of water, which makes the mixture thick and fluid-like.