Which of the Following Businesses Is Prohibited from Using the Cash

question 61

Multiple Choice

Which of the following businesses is prohibited from using the cash receipts and disbursement method of accounting for tax purposes?

• A) Partnership with two individual partners with $9 million average annual gross receipts
• B) Personal service corporation with $8 million average annual gross receipts
• C) Corporation with $3 million average annual gross receipts
• D) None of the businesses are prohibited from using the cash method

Comprehend the concept of intangibility and inseparability in services and their implications on service delivery and marketing.

Illustrate the role of internal marketing and customer experience management in the effective management and marketing of services.

Understand and describe the five dimensions of service quality.

Comprehend the intangibility of services and strategies to overcome the associated marketing challenges.

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Definitions:

Dividends Payable

This refers to the amount of declared dividends owed by a company to its shareholders but has not yet been paid out.

Stockholders

Individuals or entities that own shares in a corporation, giving them a partial ownership interest in the company.

Accumulated Depreciation

is the total amount of depreciation expense that has been recorded for a fixed asset since it was put into use.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.