Answer to Question #75653 in Management for ibn

Question

Sam owns a “Printing Business”, she has “partnered” with a small local newspaper company whereby she would meet all their printing needs for free, in exchange for advertising space monthly in their local gazette. Discuss this scenario from the perspective of Sam and the newspaper company.
Required:
Discuss in terms of the “definition of Gross Income” and any special inclusion if the scenarios above relate to Gross Income. Consider the effects of any exemptions if applicable