Interest payers (banks, savings and loans, insurance companies, etc.) report interest earnings to taxpayers on a:

A. Form 4070.
B. Form 1099-INT.
C. Form 1099-INC.
D. Form W-2-INT.


Answer: B

Business

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In the ATM model, if the cost of going to an ATM increases,

A. the number of days between visits to the ATM rises and the quantity of money demanded falls. B. the number of days between visits to the ATM falls and the quantity of money demanded rises. C. both the number of days between visits to the ATM  and the quantity of money demanded rises. D. both the number of days between visits to the ATM  and the quantity of money demanded falls.

Business

In ____________ control, participation is limited and formal.

Fill in the blank(s) with the appropriate word(s)

Business

Under the exhaustion doctrine, a party must feel "exhausted" about an administrative action or regulation to challenge it in court

a. True b. False Indicate whether the statement is true or false

Business

Tubaugh Corporation has two major business segments-East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment.A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

A. $132,000 B. $422,000 C. $294,000 D. $(30,000)

Business