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:

Doing the Dishes

The task of cleaning cookware, dinnerware, and eating utensils after meals.

Positive Reinforcement

A behavior modification technique that involves providing rewards or incentives to encourage the repetition of desirable behaviors.

Doing the Dishes

A domestic chore involving the cleaning of dishware, utensils, and cooking equipment by hand or using a dishwasher.

Negative Reinforcement

A method of increasing desired behaviors by removing or avoiding a negative outcome or stimulus.