Mauve,Inc ,Records the Following Gross Receipts in 2014,2015,and 2016

question 98

Multiple Choice

Mauve,Inc. ,records the following gross receipts in 2014,2015,and 2016.
2014
2015
2016
$4,900,000
$8,700,000
$5,800,000
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​
​
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What is Mauve,Inc.'s TMT in each of these three years?
​
2014 2015 2016

• A)$0 $0 $0
• B)$0 $0 $1,160,000
• C)$0 $1,740,000 $1,160,000
• D)$980,000 $1,740,000 $1,160,000
• E)$0 $1,740,000) $0

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Definitions:

Prejudgment Remedy

A legal mechanism that allows a plaintiff to secure assets or interests of the defendant before the final judgment in a lawsuit, to ensure satisfaction of any potential award.

Lawsuit

A legal action or proceeding involving a dispute between two or more parties that is resolved in a court of law.

Super-Priority Liens

Liens that are given the highest priority over other types of liens, often arising by statute and placed on property which can bypass previously established liens.

Artisan's Lien

A legal right granted to craftsmen or workers allowing them to retain possession of a project or property until they are compensated for the services or labor they have provided.