What is unearned income Study guides, Class notes & Summaries
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![ACC 3100 Baruch College, CUNY. MIDTERM REVIEW. All Worked Solutions](/docpics/64330c2a981b2_2573774.jpg)
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ACC 3100 Baruch College, CUNY. MIDTERM REVIEW. All Worked Solutions
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ACC 3100 Baruch College, CUNY. MIDTERM REVIEW. All Worked Solutions 1. ABC declared a property dividend. The dividend consisted of 12,000 common shares of its investment in XYZ Company. The shares h ad originally been purchased at $2 per share and had a $1 par. The value of the shares on the declaration date is $8 per share. What is the first entry that should be recorded related to this dividend? 2. Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 83,000 sh...
![HRB FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT](/docpics/4303875/65af3e7d8bb91_4303875_121_171.jpeg)
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HRB FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT
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HRB FINAL EXAM QUESTIONS AND ANSWERS ALL CORRECT 
 
What is the Difference between earned income and unearned income? - Answer- Earned income is received for services performed. Examples are wages commissions, tips and generally farming and other business income . Taxable income other than that received for services performed. Unearned Income includes money received ro the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions alimony, unempl...
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HRB Final Questions and Answers100% Correct
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HRB Final Questions and Answers100% Correct 
 
 
HRB Final Questions and Answers100% Correct 
 
 
HRB Final Questions and Answers100% Correct 
What is the difference between earned income and unearned income? - ANSWER-Earned income is received for services performed. Some examples of earned income include wages, commissions, tips, farming, and other business income. 
Unearned income is taxable income that does not meet the definition of earned income. Examples of unearned income include interest...
![H&R BLOCK FINAL REVIEW QUESTIONS AND ANSWERS 100% SOLVED](/docpics/5428436/66510059d48d2_5428436_121_171.jpeg)
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H&R BLOCK FINAL REVIEW QUESTIONS AND ANSWERS 100% SOLVED
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H&R BLOCK FINAL REVIEW QUESTIONS 
AND ANSWERS 100% SOLVED 
Earned Income income is received for services performed. Includes wages, commissions, 
tips, farming, and other business income 
Unearned Income taxable income that does not meet the definition of earned income. 
Ex: interest income, dividends, rents and royalties, pensions, alimony, and unemployment 
income. 
If an employee thinks their Form W-2 is incorrect, what should they do? Taxpayer should 
notify employer and request a correc...
![ACCT 2101 Final Exam Study Guide Chapters 1 – 12](/docpics/636ca9a9607ca_2095200.jpg)
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ACCT 2101 Final Exam Study Guide Chapters 1 – 12
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ACCT 2101 Final Exam Study Guide Chapters 1 – 12 
 
Chapter 1 
 
1.	The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n) a.	account payable. 
b.	account receivable. 
c.	revenue. 
d.	expense. 
 
2.	The right to receive money in the future is called a(n) 
a.	account payable. b.	account receivable. 
c.	liability. 
d.	revenue. 
 
 
3.	Borrowing money is an example of a(n) 
a.	delivering activity. b.	financing activity. 
c.	inves...
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HRB FINAL EXAM QUESTIONS AND ANSWERS ALREADY PASSED
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HRB FINAL EXAM QUESTIONS AND 
ANSWERS ALREADY PASSED 
 
What is the Difference between earned income and unearned income? Earned income is 
received for services performed. Examples are wages commissions, tips and generally farming 
and other business income . Taxable income other than that received for services performed. 
Unearned Income includes money received ro the investment of money or other property, such 
as interest, dividends, and royalties. It also includes pensions alimony, unemploy...
![HRB Final exam 2023 with 100% correct answers](/docpics/3355644/64f2a9ea35f73_3355644_121_171.jpeg)
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HRB Final exam 2023 with 100% correct answers
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What is the difference between earned income and unearned income? - correct answerEarned income is received for services performed. Some examples of earned income include wages, commissions, tips, farming, and other business income. 
Unearned income is taxable income that does not meet the definition of earned income. Examples of unearned income include interest income, dividends, rents and royalties, pensions, alimony, and unemployment income. 
 
If an employee thinks their Form W-2 is incorrec...
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HRB Final Exam Questions & Answers100% Correct
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HRB Final Exam Questions & Answers100% CorrectHRB Final Exam Questions & Answers100% CorrectHRB Final Exam Questions & Answers100% CorrectHRB Final Exam Questions & Answers100% CorrectHRB Final Exam Questions & Answers100% Correct 
What is the difference between earned income and unearned income? - ANSWER-Earned income is received for services performed. Some examples of earned income include wages, commissions, tips, farming, and other business income. 
Unearned income is taxable income that do...
![Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers,100% CORRECT](/docpics/3894661/656067c1c71be_3894661_121_171.jpeg)
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers,100% CORRECT
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Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers 
 
Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities 
 
CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads 
 
Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...
![Accounting 211 exam 1 questions well answered graded A+](/docpics/5376034/664b938631c2b_5376034_121_171.jpeg)
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Accounting 211 exam 1 questions well answered graded A+
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Accounting 211 exam 1 questions well answered graded A+What is the proper closing entry for dividends? - correct answer *Debit retained earnings, credit dividends* 
 
Ken just started a business and made the following 3 inventory purchases in November: 
-Nov 1- 150 units @ $780 
-Nov 8- 200 units @ $1170 
-Nov 22- 200 units @ $1260 
A physical count of merchandise inventory on Nov 30 reveals that there are 150 units on hand. Using the average cost method, the amount allocated to ending inventory...
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