During the global financial crisis, state and local governments now found their interest costs rising. Which of the following were causes of this?
A) Lower tax revenues because of the weaker economy
B) Weaker value of monoline insurance guarantees on their debt
C) Both A and B
D) None of the above
C
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In contrast to the managerial reporting process, the financial reporting process prepares all of the following financial statements except:
a. the balance sheet b. the income statement c. the standard costing variance report d. the statement of owner equity
Describe the three critical elements of Nadler and Tushman’s model for change agents.
What will be an ideal response?
At the time of her death on October 4, Kaitlyn: ?Was the sole life beneficiary of a trust (assets worth $2 million) created 10 years ago by Paul (Kaitlyn’s husband). The transfer was by gift of securities then worth $500,000. Paul and Kaitlyn’s children are the remainder beneficiaries. ?Owned stock in Mauve Corporation (basis of $800,000 and fair market value of $1 million). On September 7, a dividend of $48,000 was declared on the stock payable to all shareholders of record on October 3. The $48,000 was received by Kaitlyn’s executor on October 19. ?Made a taxable gift of $400,000 in a prior tax year. As to these transactions, Kaitlyn’s gross estate includes: ?
A. $1,048,000. B. $1,448,000. C. $3,000,000. D. $3,048,000.
Plagiarism is not an issue in the business world-it is a problem only in schools and academic
Answer the following statement(s) true (T) or false (F)