CT Computer Corporation, an Accrual-Basis Taxpayer, Sells Service Contracts on the Computers

question 41

Multiple Choice

CT Computer Corporation, an accrual-basis taxpayer, sells service contracts on the computers it sells. At the beginning of January of this year, CT Corporation sold contracts with service to begin immediately: $\begin{array}{|l|r|}\hline \text { One for three months } & \$ 200 \\\hline \text { One for } 20 \text { months } & 800 \\\hline \text { One for } 48 \text { months } & 4,000\\\hline \end{array}$ The amount of income CT Corporation must report for this year is

• A) $200.
• B) $1,000.
• C) $1,680.
• D) $5,000.

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Definitions:

Autonomous Morality

The stage of moral development in which individuals recognize that moral rules are created by people and that individuals can question or challenge societal norms based on personal principles of justice or fairness.

Heteronomous Morality

Refers to the stage of moral development in children where rules are perceived as fixed and unchangeable, often enforced by authority figures.

Preconventional Moral Reasoning

The first level of Kohlberg's stages of moral development, where individuals' moral reasoning is based on personal interests and the consequences of their actions.

Conventional Moral Reasoning

A stage in moral development where individuals' ethical behavior is guided primarily by societal rules and norms.