Identify which of the following statements is true.
A) An election for an S corporation to use the Sec. 179 expensing election is made by the corporation and not by its shareholders.
B) The S corporation's separately stated items are in general the same ones that apply in partnership taxation.
C) An S corporation cannot claim a dividends-received deduction.
D) All of the above are true.
D) All of the above are true.
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An earthquake destroyed the home office building of a company located in an inland city. This should be reported as a(n)
a. extraordinary loss. b. prior period adjustment. c. loss from continuing operations. d. loss from discontinued operations.
Sturbridge Company manufactures fine furniture and grandfather clocks. Sturbridge has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following should not be treated as direct costs, assuming the cost object is individual clocks?
A. The clock face B. Wood C. Depreciation on clock-making equipment D. The timing mechanism for each clock
Becoming familiar with a customer's satisfactions is necessary for a salesperson to move from:
A) transactional selling to product selling B) solution selling to value-added selling C) new buy selling to constructive selling D) product selling to complimentary selling E) product selling to solution selling
Answer the following statements true (T) or false (F)
1. Section 9 of the Taft-Hartley Act creates a process by which employees can get rid of a union if they are no longer satisfied with the job it is doing. 2. Target Corporation has been criticized for requiring employees to repeatedly watch a training video with a strong an anti-union theme aimed at convincing them that unions will harm the company's ability to compete. Such training sessions are explicitly allowed by the Taft-Hartley Act as long as they do not contain threats or promises. 3. The Taft-Hartley Act provides unionization rights to supervisors. 4. As with all other federal agencies, the investigatory and prosecution functions of the NLRB fall within the same branch of the agency. 5. The Federal Mediation and Conciliation Service was created by the Taft-Hartley Act to provide mandatory mediation in private sector labor disputes over contract negotiations.