When taxing authorities permit a choice among alternative depreciation methods, a firm should choose the alternative that allows it to pay the _____ amount of tax, as _____ as possible, within the law
a. most; early
b. most; late
c. least; early
d. least; late
e. same; often
D
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Do all of the following except ________ if you must refuse a claim
A) show that you understand the claim B) argue heatedly for your point of view C) explain your refusal D) suggest alternative action E) stick to the facts
Which one of the following is not an accurate statement regarding the direct write-off method of accounting for bad debts?
a. The direct write-off method has some deficiencies when accounting for bad debts. b. The direct write-off method ignores the possibility that partial collection of a company's outstanding accounts receivable may occur. c. Under the direct write-off method, an expense is increased. d. The allowance method for bad debts violates the matching principle, but the direct write-off method does not.
An advantage of the arbitrary approach for determining the advertising appropriation is that it is
A. objective. B. unique. C. profitable. D. effective. E. expedient.
Types of business activities in virtual worlds include each of the following except
A) creating and managing a virtual business. B) operating a bed and breakfast in Nova Scotia. C) providing services for those who build, manage, or make money with virtual properties. D) conducting regular business activities.