When there is a difference in the timing of revenues and expenses for accounting versus income tax purposes, it usually is necessary to
a. adjust accounting income.
b. perform income tax allocation procedures.
c. adjust taxable income.
d. do nothing because such differences are a result of two different sets of rules.
B
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The purpose of depreciation is to allocate the asset's cost systematically and rationally over the life of the asset to ensure that the company has adequate capital for future replacement
Indicate whether the statement is true or false
Appropriate and effective marketing metrics must be designed to identify, track, evaluate, and provide key benchmarks for improvement. In the context of change drivers affecting the future of marketing, this reflects the ________.
A. shift to justifying the relevance and payback of the marketing investment B. shift to product glut and customer shortage C. shift in information power from marketer to customer D. shift in generational values and preferences E. shift to distinguishing Marketing ("Big M") from marketing ("little m")
Goldhar&Nemoy, a law firm, leases a fax machine from QED Business Machines. The principal is $5,000 and the interest over the five-year term of the lease is $1,000, so that G & M's monthly payment are $100 for 60 months
The lease provides that if any payment is missed, the entire balance of the lease becomes due, and QED may repossess the machine. G & M makes the first 12 payments, then defaults. QED repossesses the machine and immediately re-leases it to another company on the same terms. It sues G&M for $4,800. Which of the following statements is TRUE? A) This lease contains an acceleration clause which permits QED to sue for the full balance owing after a default? B) G&M may be able to defend on the basis that the acceleration clause is a penalty. C) If the acceleration clause is struck down, QED's damages will be limited to the expenses of repossessing and re-leasing the machine. D) All of the above are true. E) None of the above are true.
Decades of research have reinforced some of what many people intuitively believe about organizational behavior (OB) and identified common misunderstandings. Which of the following questions could NOT be answered as a result of this research into OB?
A. What goal level will best motivate my employees? B. How important is employee satisfaction to job performance? C. Should I seek a promotion with a competing firm? D. Is stress always bad? E. When are different leadership approaches most effective?