Solved

Countryside Corporation Is Owed $11,890 from a Customer for Landscaping

Question 205

Multiple Choice

Countryside Corporation is owed $11,890 from a customer for landscaping.The account is overdue and the customer is having difficulty paying.Countryside might ask the customer to sign a note for the unpaid amount to:


A) decrease its net income for tax reporting purposes.
B) strengthen Countryside Corporation's legal right to be repaid with interest.
C) reduce its tax liability.
D) eliminate any doubts of collection of the amount due.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions