When the value of a country's imports exceeds the value of its exports the country is said to have a:
a. trade surplus b. trade deficit c. lack of trade
d. failure of trade
e. trade loss
b
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The temporary difference associated with accelerated depreciation for tax purposes and straight-line depreciation for financial reporting purposes means that a firm will pay _____ income taxes in the early years of the asset's life, but this temporary difference will reverse over the entire asset life, resulting in _____ taxes in later years
a. higher; higher b. lower; higher c. higher; lower d. lower; lower e. average; average
Discuss the following statement: "Since fixed overhead is, by definition, not related to changes in activity level, then the fixed overhead spending variance is zero."
After quite a few beers, Edward turns to his buddy Rudy and says, I'll give you my brand new Corvette if you will drive me home." Rudy drives Edward home and then asks for the title and keys. Edward refuses. Does Rudy own the Corvette?
a. Yes, because this was a unilateral contract and Rudy performed. b. No, because Edward did not have the intention to make an offer. c. No, because the offer did not have definite terms. d. Yes, because there was a meeting of the minds.
JSON has sophisticated data structuring capabilities. Which of the following statements is not true about JSON?
A) A value can be a simple value such as a string or number. B) A value can be an object (a set of [field, value] pairs). C) A value can be an array of objects. D) A value can be a relational table.