Alex Is a Calendar-Year Sole Proprietor

question 4

Multiple Choice

Alex is a calendar-year sole proprietor.He began business on December 1,this year.He uses the accrual method of accounting.Alex had the following collections in December: • Collected $7,000 in December,from clients who paid cash for services to be performed next year.
• Collected $5,000 in December,for services performed during December; deposited in an operating account on December 31,this year.
• Collected $12,000 in December; on accounts receivable for services performed in December; deposited in operating account on January 2,next year.
What is the amount Alex must include in his income for December?

• A)$7,000
• B)$12,000
• C)$17,000
• D)$24,000

Understand the structure and purpose of structured interviews.

Recognize disabilities covered under the Americans with Disabilities Act.

Understand the concept and types of conflicts, including structural, interpersonal, and intrapersonal conflicts.

Identify emotional intelligence components and their impacts on interpersonal relationships and conflict management.

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Definitions:

Telodendria

The very fine, terminal branches of a neuron's axons that help in transmitting the nerve impulse to other neurons or to the muscles.

Peripheral Nerve

Nerves that are located outside the brain and spinal cord, responsible for transmitting sensory and motor signals to and from the rest of the body.

Epineurium

The outermost layer of connective tissue surrounding a nerve, providing protection and support to the nerve fibers.

Endoneurium

The delicate connective tissue that individually encloses each nerve fiber within peripheral nerves, providing support and protection.