1. Question : What is a corporation’s alternative minimum tax rate? Student Answer: 15% 20% 26% 28% 2. Question : Which of the following business entities does not file a separate tax return to report business operations? Student Answer: Sole proprietorship S corporation C corporation Partnership 3. Question : Hoku Corporation (a C corporation) had […]
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1. Question : What is a corporation’s alternative minimum tax rate?Student Answer: 15%20%26%28%2. Question : Which of the following business entities does not file a separate tax return to report business operations?Student Answer: Sole proprietorshipS corporationC corporationPartnership3. Question : Hoku Corporation (a C corporation) had the following history of income and loss:Year Income (Loss)2009 $40,0002010 […]
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1 of 50Sarbanes-Oxley was passed in response to which of the following?The .com implosionThe savings and loan bailoutThe implosion of WorldCom and EnronNone of the aboveQuestion2 of 50Which of the following describes the internal control component “monitoring of controls”?Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that […]
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Burton, a manufacturer of snowboards, is considering replacing an existing piece of equipment with a more sophisticated machine. The following information is given. The proposed machine will cost $120,000 and have installation costs of $15,000. It will be depreciated using a 3 year MACRS recovery schedule. It can be sold for $60,000 after three years […]
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Multiple choice When preparing a bank reconciliation, which of the following items should be added to the book balance? EFT receipts deposits in transit collection items both EFT receipts and collection items Which of the following must be added to beginning Retained Earnings to compute ending Retained Earnings? net income expenses dividends all of these […]
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1. The financial manager should examine available risk-return trade-offs and make his decision based upon the greatest expected return.TrueFalse2. Only a few financial decisions involve some sort of risk-return tradeoff.TrueFalse3. The sole proprietorship can be described as the absence of any legal business structure.TrueFalse4. In a general partnership, all partners have unlimited liability for the […]
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Question 1The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading, coincident or lagging indicators is known as:econometric techniquetime-series forecastingopinion pollingbarometric techniquejudgment forecastingQuestion 2If two alternative economic models are offered, other things equal, we wouldtend to pick the one with the lowest R2.select the model that is […]
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1). Total customer satisfaction is the general feeling of pleasure or disappointment that results from comparing perceived performance to expectations. To achieve total customer satisfaction, organizations need to_____________.2) ________ consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers.3) A company can take […]
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1) The Federal Trade Commission is an example of A. a branch of the U.S. Supreme Court B. a temporary commission created by executive order that has become permanent C. a corporation subsidized by the federal government D. a federal agency created by the federal government 2) The doctrine of stare decisis concerns A. using […]
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1. Question: When common stock is issued at an amount greater than par value, the difference between the par value and the proceeds from the sale is recorded by2. Question: On January 1, 2010 – Essay Writing Service: Write My Essay by Top-Notch Writer, Marvel, Inc., grants a compensatory stock option plan to 10 of […]
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