Mike Started a Calendar-Year Business on September 1 ^st of This

question 90

Multiple Choice

Mike started a calendar-year business on September 1 ^st of this year by paying 12 monthsof rent on his shop at $1,000 per month. What is the maximum amount of rent that Mike can deduct this year under each type of accounting method?

• A)$12,000 under the cash method and $12,000 under the accrual method
• B)$4,000 under the cash method and $12,000 under the accrual method
• C)$12,000 under the cash method and $4,000 under the accrual method
• D)$4,000 under the cash method and $4,000 under the accrual method
• E)$4,000 under the cash method and zero under the accrual method

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Definitions:

Gender Awareness

The understanding and recognition of gender and its implications in society, including the awareness of gender roles and identities.

Concrete External Traits

Observable and measurable characteristics or behaviors of individuals that are not open to interpretation.

Gender Constancy

The understanding that one's gender identity is fixed and constant, regardless of changes in appearance or behavior.

Egalitarian

Referring to the principle that all people are equal and deserve equal rights and opportunities.