A Company Has Received $40 000 for Subscription Revenue in Advance

question 78

Multiple Choice

A company has received $40 000 for subscription revenue in advance and recorded a liability account 'revenue received in advance'.Revenue is taxed when it is received.The tax rate is 30%.What is the tax base for this item?

• A) $0
• B) $40 000
• C) $12 000
• D) $36 000

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First Job

The initial professional employment a person undertakes, which can significantly influence their career path and work ethic.

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A narrative framework that involves a progression from hardship to recovery or salvation, highlighting transformative experiences.

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Relating to or involving relationships or communication between people.

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