Which of the Following Types of Income Would Be Considered

question 35

Multiple Choice

Which of the following types of income would be considered to be permanent earnings?

• A)A gain on the sale of equipment resulting from the discontinuance of a business segment.
• B)Income from a business segment that is expected to be sold within the next year.
• C)Income resulting from the successful settlement of a major lawsuit.
• D)Income resulting from a store opened during the most recent fiscal year.

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Definitions:

Businesswomen

Female entrepreneurs or professionals engaged in commercial or industrial activities with the aim of generating profits.

Employment Law

The area of law that deals with the rights and obligations of workers, employers, and labor unions.

Legal Issues

Disputes that arise under the law, requiring legal interpretation and resolution by legal institutions.

Paralegals

Trained legal assistants who support attorneys in a wide range of legal tasks, including research and document preparation but not the practice of law.