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Which method of federal tax revenue consistently ranks first with regard to total dollars collected by the U.S. federal government per year? 

Burr Company had the following account balances at December 31, Year 1: Cash in banks   $2,250,000 Cash on hand 125,000 Cash legally restricted for additions to plant (expected to be disbursed in Year 2) 1,600,000 Cash in banks includes $600,000 of compensating balances related to short-term borrowing arrangements. The compensating balances are not legally restricted as to withdrawal by Burr. In the current assets section of Burr’s December 31, Year 1, balance sheet, total cash should be reported at

Kaley owes Ben $1,000. Kaley has a ¼ interest in an apple orchard worth $1,000. Kaley orally assigns the right to this ¼ interest to Ben. Is this assignment valid?

Ignacio Company sold goods on account for to Gabrielle Inc. on February 2, 20X1 with credit terms of 2/10, net 30. The goods had a selling price of $1,000 a cost to Ignacio or $600. Ignacio uses the gross method to record sales on account. Gabrielle returned $250 of goods and paid the account in full on February 7. What journal entry will Ignacio make to record the collection of the account?

Concrete Company agrees to lay a foundation for Diamond Properties, but fails to finish the job. Diamond hires Earth Projects Inc. to complete the work. In a suit for breach, Diamond may recover from Concrete

Consideration is the value given in return for a promise or in return for a performance.

Apps Inc. promises to give stock options to Mai, a creative coder, for processes she has already designed. This promise is

Oscar owns Payroll Company, a bookkeeping service. Oscar pays Remy $5,000 to steal a list of a competitor’s clients.  As a contract, this deal is

Max orally agrees to construct two outbuildings on Ned’s ranch for a stated price. Max performs, but Ned does not pay. To recover on a theory of quasi contract, Max must show that if Ned were allowed to retain the benefit of their bargain, Ned would

Christian slips and falls on a patch of ice on Ella’s property. Ella offers Christian $10,000 if he promises not to pursue any slip-and-fall legal claim against her. Christian agrees but later discovers that it will cost $40,000 in medical expenses for a latent injury. In Christian’s suit against Ella, Christian will most likely recover