If an individual with a taxable income of $15,000 has a long-term capital gain, it is taxed at
A. 0%.
B. 10%.
C. 15%.
D. 20%.
Answer: A
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Answer the following statement true (T) or false (F)
Which of the following is a major provision of the Dodd-Frank Act?
A) Commercial banks should increase their speculative trading activities. B) Credit should be loosened to encourage consumer spending. C) Taxpayers should not bail out companies as no company is too big to fail. D) Decreased regulation of the derivatives market. E) Companies should implement plans to analyze systemic risks.
Gomez Co. had beginning inventory of $1600 and ending inventory of $1200. The cost of goods sold was $4000. Based on this information, Gomez Co. must have purchased inventory amounting to:
A. $5200. B. $3600. C. $4000. D. $6800.
Answer the following statements true (T) or false (F)
1. CSR reporting in Canada is no longer voluntary for companies with public ownership. 2. Maclean's Magazine publishes Top 50 Socially Responsible Corporations report in cooperation with Jantzi Research, and selection is based on social, environmental, and governance indicators. 3. Preparation of brochures summarizing the content of a CSR report is not an adequate approach to communicating CSR performance to key stakeholders. 4. A specific manager or department should not be responsible for the communication of CSR reports. 5. If everyone in the corporation is equally responsible for communication of results, dissemination will be broader. 6. CSR reports are a form of corporate communication which will enhance reputation Because of the emphasis on teaching CSR, most business schools are now preparing their own CSR reports