0
A short term contract is any contract that is started and completed within a fiscal year. A long-term contract is any contract that is started in a fiscal year and is completed in another fiscal year. For instance. If the taxpayer has a December 31 year end and a contract is started on December 24th and completed on January 3rd, this is deemed a long-term contract even though the duration of the contract was only 10 days.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the difference between a short- and long-term goal?
the long term is different between a short term because the short
Explain the difference between a call option and a long position in a futures contract?
The only difference between a long call option and a long futures position is the derivative itself--one of them is an option, the other is a futures contract.
What is the difference between the short and long carbon cycle?
The difference between the short and long carbon cycle is that the short cycle emphasizes the interaction between the biosphere and atmosphere while the long cycle emphasizes the formation and destruction of fossil fuels.
What is the difference between a short- and long- term goal?
A long-term goal is reached further in the future.
Is having a tangible property the difference between using the terms lease and rent?
No that is not the basic difference between the terms lease and rent. A lease is often a long term contract, where the details can't be altered. Rent is often more short term.
What is the main difference between long and short run?
Their length.
How do you tell the difference between short and long vowels?
Snake
What is the difference between short net ton and a long gross ton?
well there is no difference
What is the difference between a long sentence and a short sentence?
A long sentence typically contains more information and details, while a short sentence is brief with fewer words. Long sentences may be more complex with multiple clauses, while short sentences are more direct and concise. Both can be effective depending on the context and desired impact on the reader.
What is the difference between long I and short I?
The "long I sound" says the name of the letter I (eye). The short I has an "ih" sound as in sit and fish.
What is the difference between a long and short horned grasshopper?
Sounds to me like it'd be the length of their horns that is the difference.
What is the difference between a short neck and a long neck transmission?
short tail shaft or long tail shaft trans they are different lengths
