Lucas, a single U.S. citizen, works in Denmark for MNC Corp during all of 2019. His MNC salary is $87,000. Lucas may exclude from his gross income wages of:
a. $0
b. $40,000
c. $87,000
d. $105,900
Solved
Show answers
More tips
- H Health and Medicine Headache: A Comprehensive Guide to Treatment...
- G Goods and services Stock center - a modern way of optimizing logistics...
- F Food and Cooking How to Properly Wash a Down Jacket? Tips from Experts...
- C Computers and Internet Thin Client: What It Is and Why You Need It?...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
- F Food and Cooking Red Caviar: How to Choose the Best?...
- C Computers and Internet Clearing Cache: How to Speed Up Your Browser...
- S Style and Beauty How are artificial nails removed?...
- S Style and Beauty Secrets of Tying a Pareo: 5 Ways...
Ответ:
Ответ:
revenues to be understated
Explanation:
A law firm received $2,000 cash for legal services to be rendered in the future. The full amount was credited to the liability account Unearned legal fees. If the services have been rendered at the end of the accounting period and no adjusting entry is made, then this would cause the revenues to be understated