Greg Owens Owns a Four-flAt Building

question 33

Multiple Choice

Greg Owens owns a four-flat building. Last year, he recorded the following items: His gross rental income, depending on whether he is on the cash or accrual basis, amounted to:

• A) Cash: $16,000; accrual: $17,000
• B) Cash: $13,000; accrual: $17,000
• C) Cash: $18,000; accrual: $16,000
• D) Cash: $17,000; accrual: $17,000

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A concept in sociology that describes the Calvinist belief in hard work and frugality as means of achieving a person's salvation.

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