A taxpayer may make the election to either deduct or take a credit for foreign income taxes
A) annually.
B) once every five years.
C) only once, and the election applies to all future tax years.
D) No election is available.
A) annually.
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When using the direct method, how is the payment of a cash dividend shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
Which of the following statements is false with respect to bonds?
a. Firms issue bonds in very large single issues. b. Bonds must be held until maturity by the initial investor. c. The denomination of the bond is usually referred to as the face value. d. Bonds that are not backed by specific collateral of the issuing company are known as debenture bonds.
The 2000, 2004 and 2008 presidential elections were cited in your text for negative attacks by both the Republican and Democratic parties. The negative attacks were based on qualitative marketing research used to help design the messages
Which ethical concern is this use of marketing research related to? A) disguising the purpose of the research and the use of deceptive procedures B) using qualitative research for questionable purposes C) comfort level of the respondents D) none of the above
The current ratio is computed as:
a. assets divided by current liabilities. b. current assets divided by liabilities. c. current assets multiplied by current liabilities. d. current assets divided by current liabilities.