subject
Business, 05.10.2020 01:01 michaelowenmccollum

GreenUp, a calendar year, accrual basis taxpayer, provides landscaping installation and maintenance services to its customers. In August 2020, GreenUp contracted with a university to renovate its lawns and gardens. GreenUp agreed to complete the entire renovation by May 31, 2022, and the university prepaid the entire $100,000 fee. GreenUp completed 20 percent of the work in 2020, 65 percent in 2021, and 15 percent in 2022. Required: How much revenue should GreenUp report on its financial statements for 2020, 2021, and 2022

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 18:10
In a sumif conditional function, what should be the order of terms in the parentheses?
Answers: 1
question
Business, 22.06.2019 14:40
Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.
Answers: 3
question
Business, 22.06.2019 16:30
Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.
Answers: 3
question
Business, 22.06.2019 16:50
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
You know the right answer?
GreenUp, a calendar year, accrual basis taxpayer, provides landscaping installation and maintenance...
Questions
question
English, 24.06.2019 03:40
question
History, 24.06.2019 03:40