On december 1, 2019, ral received advance rental of $27,000 from a tenant for a three-year lease commencing january 1, 2020 to cover rents for the years 2020, 2021, and 2022. in conformity with gaap, ral did not include any part of this rental in its income statement for the year ended december 31, 2019. what amount should ral include in its 2019 taxable income for rent revenue?

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i. e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant. a. the division's basic earning power ratio is above the average of other firms in its industry. b. the division's total assets turnover ratio is below the average for other firms in its industry. c. the division's debt ratio is above the average for other firms in the industry. d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.