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Carole's employment income is the amount she actually received during the year regardless of when it was earned. The exception is a salary deferral arrangement
| Carole's employment income is the amount she actually received during the year regardless of when it was earned. | |||||||||||||
| The exception is a salary deferral arrangement where she recognizes income when earned and agrees not to receive the amount | |||||||||||||
| for three years. | |||||||||||||
| Salary received | 60,000.00 | ||||||||||||
| Commission received | 15,000.00 | ||||||||||||
| 75,000.00 | |||||||||||||
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ISE International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th Edition
1260547981, 9781260547986
