Due to a military base closing, Major Le Tran is transferred from Boston to San Diego as a permanent change of station. Under a new job description, he is reclassified from division commander to a General's staff member. His moving expenses, which are not reimbursed, are as follows: Transportation$1,200Meals 300Lodging 400Cost of moving household goods 4,000Pre-move house hunting costs 2,500Major Tran's deductible moving expense is:
A. $1,900.
B. $5,600.
C. $4,400.
D. $8,400.
Answer: B
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Which of the following statements is true of franchising?
A. It offers the highest risk and requires the most investment but also has the lowest potential return on investment. B. It offers the highest risk and requires the least investment but also has the highest potential return on investment. C. It offers the highest risk and requires the most investment but also has the highest potential return on investment. D. It offers the lowest risk and requires the least investment but also has the lowest potential return on investment. E. It offers the lowest risk and requires the most investment but also has the highest potential return on investment.
Which of the following is the first step in hypothesis testing based on the t statistic?
A) Select the appropriate formula for the t statistic. B) Take one or two samples and compute the mean. C) Select a significance level ? for testing. D) Refer to statistical tables. E) Formulate the null (H0 ) and the alternative (H1 ) hypotheses.
The gain or loss from retirement of debt is reported under cash flows from operating activities on the statement of cash flows using the direct method.
Answer the following statement true (T) or false (F)
In a common–size balance sheet, current assets should be stated as a percentage of:
a. total assets. b. current liabilities. c. cash. d. net income.