q describe passive incomepassive income -
Q. Describe Passive Income?
Passive Income - Includes income derived from such sources like dividends, royalties, interest, rents, amounts received from personal service contracts and income received as a beneficiary of an estate or trust.
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q what are the organization expendituresorganization expenditures -costs of organizing a business or trade or for profit activity before it begins
comprehensive basis of accounting ocboa - consistent accounting basis other than generally accepted accounting principles gaap used for financial
q what do you understand by partnershippartnership - relationship between two or more persons based on anoral written or implied agreement whereby
q what is amount per sharepar value - amount per share set in articles of incorporation of a corporation to be entered in capital stocks account
q describe passive incomepassive income - includes income derived from such sources like dividends royalties interest rents amounts received from
pcaob - public corporation accounting oversight board a private-sector non-profit corporation created by sarbanes-oxley act of 2002 to oversee
peer review - process by which an accounting firms practice is evaluated for compliance with professional standards objective is achieved through the
personal financial specialist pfs - certified public accountant who specializes in personal financial planning and completes a series of requirements
personal property - movable property which isnt affixed to land real property personal property comprises tangible items likecars cash and computers
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