A goodwill message
A) should always mention the underlying business purpose.
B) has the same emphasis in all cultures.
C) may be more meaningful as a written note than as a phone call.
D) conveys sympathy, rejection, or appreciation.
E) uses emotional language to show concern.
C
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Erica and Brett decide to form their new motorcycle business as an LLC. Each will receive an equal profits (loss) interest by contributing cash, property, or both. In addition to the members' contributions, their LLC will obtain a $50,000 nonrecourse loan from First Bank at the time it is formed. Brett contributes cash of $5,000 and a building he bought as a storefront for the motorcycles. The building has an FMV of $45,000 and an adjusted basis of $30,000 and is secured by a $35,000 nonrecourse mortgage that the LLC will assume. What is Brett's outside tax basis in his LLC interest?
A. $40,000. B. $42,500. C. $45,000. D. $37,500.
According to good internal control policies, a person who controls an asset also maintains that asset's accounting records.
Answer the following statement true (T) or false (F)
Some ________ bonds are called junk bonds, which have a high level of risk
A) Treasury B) Municipal C) Federal Agency D) Corporate
The amount of data stored on virtual servers in the cloud is becoming increasingly difficult to secure. That's why University of Washington computer scientists developed ____, software that enables electronic messages to automatically self-destruct after a certain period of time.
A. Vanish B. Disappear C. Magic D. Self-destruct