Pozzi Company, a cash basis business, received $16,930 cash as payment on a loan Pozzi made to a business associate two years ago. The payment consisted of a $15,000 principal payment and $1,930 interest. On receipt of the cash, Pozzi recognizes: Group of answer choices $1,930 taxable income. $16,930 taxable income. No taxable income. $15,000 taxable income.

A) True

Explanation:

The PERT chart was first developed by the US Navy to manage the Polaris submarine missile program. As other military developments (like the internet), it later passed into the business world. It is project management tool used to analyze and represent the activities in a project. It also helps to track down the flow of events of a project and to estimate the time to completion.