Use the Following Information for Questions

question 44

Multiple Choice

Use the following information for questions:
A corporation sold a tract of land for $525,000 that had originally cost $350,000.The buyer will make three annual payments of: $250,000; $125,000; and $150,000.Ignore interest and use the instalment method.
-The amount of gross profit recognized in the first year is:

• A)$0
• B)$58,333
• C)$83,333
• D)$175,000

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Definitions:

Political Networks

Structures of relationships between individuals, groups, or organizations involving power, influence, and decision-making processes in political contexts.

Informal Small Talk

Casual and informal conversation about non-work related topics used to build relationships in a professional setting.

Maintain Contacts

The practice of keeping in touch with professional and personal connections to foster relationships and opportunities.

Internal Visibility

The extent to which an individual's or group's work and performance are recognized within an organization.