Norbert works in a beauty salon. he receives a 50% employee discount for salon services. in 2016, he used his discount to buy $1,000 of services with a fair market value of $2,000. as a result of these bargain purchases, how much should norbert include in 2016 gross income? a. $0 b. $2,000 c. $1,000 d. $600

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?