User Account

All Pages

How much of security deposit must braydon report as income

Assignment Help Accounting Basics
Reference no: EM132547746

Question - Braydon rented a house to a tenant who had two large dogs and required the tenant to pay $1,500 rental security deposit and $2,000 pet security deposit. The tenant signed a 12-month lease. After five months, the tenant stopped paying his rent and suddenly moved out of the house without notifying Braydon. Braydon visited the house and found the tenant's dogs had caused damage to the house in the amount of $3,050. Due to the tenant's violation of the lease, Braydon did not return the rental deposit or the pet security deposit. How much of the security deposit must Braydon report as income?

a) $450

b) $3,050

c) $3,500

d) $0

Reference no: EM132547746

Questions Cloud

Design an appropriate performance measurement tool : Design an appropriate performance measurement tool you have learnt in AF201 to measure FAL's financial, non-financial and sustainability performance
How the liver participates in digestion : Describe how the liver participates in digestion.
How to determine the equivalent units of production : How to Determine the equivalent units of production. Determine the costs per equivalent unit. Determine the cost of ending work in process inventory
Importance of effective communication : We explored the importance of effective communication. This week we visited the important subjects of teams, teamwork, and effective team leadership.
How much of security deposit must braydon report as income : Braydon did not return the rental deposit or the pet security deposit. How much of the security deposit must Braydon report as income
What are the concepts of carrying capacity : What are the concepts of carrying capacity and limiting factors and their effects on reproductive patterns.
How many exemptions can samuel claim on his tax return : Samuel and his ex-wife have a 17-year-old daughter, Emily. How many exemptions can Samuel claim on his tax return in 2019
Distinguish between-tissue-organ and organ system : Distinguish between: tissue, organ and organ system (with examples)
Prepare general journal entries to record the transactions : Apr 1 Began surveying company by investing $10,000 in cash and office equipment having a $4575 fair value. Prepare general journal entries to record transaction

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd