Identify which of the following statements is true.
A) An individual who is physically present in a foreign country for 330 full days out of a 12-month period can claim the foreign-earned income exclusion only for the days in the 12-month period he/she is physically present in a foreign country.
B) An individual, who is a bona fide resident of a foreign country for at least one full tax year, can claim the foreign-earned income exclusion for all days on which he/she is a resident of the foreign country and physically present in that country.
C) Fringe benefits that are excluded from gross income under a Code Section other than Sec. 911 reduce the annual dollar ceiling for the foreign income exclusion.
D) All of the above are false.
D) All of the above are false.
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Appalachian folk talk is an example of a dialect
Indicate whether this statement is true or false.
Boursaw Corporation has provided the following data concerning last month's operations. Purchases of raw materials$33,000Indirect materials included in manufacturing overhead$4,000Direct labor cost$58,000Manufacturing overhead applied to Work in Process$78,000Underapplied overhead$5,000 BeginningEndingRaw materials inventory$10,000$15,000Work in process inventory$56,000$72,000Finished goods inventory$41,000$49,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.How much is the adjusted cost of goods sold on the Schedule of Cost of Goods Sold?
A. $141,000 B. $185,000 C. $144,000 D. $136,000
A merchandiser uses a perpetual inventory system. The third step in the process of closing the accounts of a merchandiser is to ________
A) make the revenue accounts equal to zero via the Income Summary account B) make the Income Summary account equal to zero via the Dividends account C) make the expense accounts equal to zero via the Income Summary account D) make the Income Summary account equal to zero via the Retained Earnings account
Which of the following is NOT a performance measure used by theory of constraints to evaluate the effectiveness of improvements?
a. increased throughput b. reduction in inventory c. reduction in throughput d. reduction in operating expense