Office palace, inc., leased an all-in-one printer to a new customer, ashley, on december 27, 2018. the printer was to rent for $600 per month for a period of 36 months beginning january 1, 2019. ashley was required to pay the first and last month's rent at the time the lease was signed. ashley was also required to pay a $1,500 damage deposit. office palace must recognize as income for the lease:
a. $0 in 2017, if office palace is an accrual basis taxpayer. b. $7,800 in 2018, if office palace is a cash basis taxpayer. c. $2,700 in 2017, if office palace is a cash basis taxpayer. d. $1,200 in 2017, if office palace is an accrual basis taxpayer. e. none of these.

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.