On July 25 of This Year, Raj Sold Land with a Cost

question 1456

Multiple Choice

On July 25 of this year, Raj sold land with a cost of $15,000 for $40,000. Raj collected $20,000 this year and is scheduled to receive $5,000 each year for four years starting next year plus an acceptable rate of interest. Raj's gain recognized this year is

• A) $25,000.
• B) $12,500.
• C) $20,000.
• D) $7,500.

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Definitions:

Chronological Résumé

is a type of CV that lists your work history in chronological order, typically starting with the most recent position.

Most Relevant

Pertaining to the information, facts, or findings that are most closely connected or appropriate to the matter at hand.

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A type of résumé that focuses on skills and experience rather than chronological work history, often used by those changing careers or with gaps in their employment history.