Identify which of the following statements is true.
A) Consent dividends are cash dividends paid following an authorizing vote of the shareholders.
B) Dividends that are paid in the two preceding tax years can be used as a dividend carryover to reduce the amount of the current year's personal holding company (PHC) tax liability.
C) Dividends paid by a personal holding company in the first 2 1/2 months of a tax year are automatically throwback dividends.
D) All of the above are false.
B) Dividends that are paid in the two preceding tax years can be used as a dividend carryover to reduce the amount of the current year's personal holding company (PHC) tax liability.
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Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by $10,000 and accounts payable increased by $15,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be:
A. $100,000 B. $125,000 C. $90,000 D. $140,000
Which is typically true about medium service desks?
A. They use the same type of layout as small service desks, as they usually start as small service desks. B. They are not usually large enough to justify the expense of communication tools such as whiteboards, reader boards, or network monitors. C. The service desk manager resides in the service desk area and handles incidents and services requests just as the analysts do. D. They often benefit from common areas, such as a lab or meeting area for meetings, training, or testing.
Sunset Properties, Inc hires William to manage its 42-unit apartment complex. Nothing is said as to expenses. William purchases fuel to heat the apartments and arranges for a repairperson to do ordinary maintenance. William will be personally liable for these expenses, because he has no authority to incur them
a. True b. False Indicate whether the statement is true or false
Please describe the three responses you can give to a written request: compliance, denying the request in a direct way, and denying the request in an indirect way.
What will be an ideal response?