Why does the IRS allow larger depreciation amounts in the early years of an asset's life?
A. The calculations are more complicated, so it provides more jobs for accountants and thus stimulates the economy.
B. The government wants to encourage companies to invest in assets to promote economic renewal and growth.
C. So that most income taxes are paid by average taxpayers, rather than by big corporations.
D. The calculations are easier if you allow more depreciation in the early years of an asset's life.
Answer: B
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In choosing a cause-related program, a company should focus on:
A) causes that employees are involved with B) local community causes C) causes that are not supported by the company's primary competitors D) causes that relate to the company's business
A nonprofit accountant is writing a comment explaining extenuating circumstances related to data reported in a statement of activities. The accountant is completing which type of financial statement?
A. addendum B. required disclosures C. notes to the financial statements D. statement of functional expenses
Once values and ethical standards have been formally adopted, a company must
A. make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms. B. hold periodic ceremonies to vilify employees that do not live up to the company's core values or who are found guilty of violating the company's code of ethics. C. grant compensation increases and promotions only to those managers who are willing to act as evangelists for the company's core values and ethical standards. D. require every employee to memorize the company's formal statement of core values and code of ethics. E. rely only on word-of-mouth indoctrination and company tradition to instill values and ethical conduct.
In the United States, the mission of promoting "labor and corporate social responsibility falls with a unit of the:?
A) ?American Federation of Labor/Congress of Industrial Organization (AFL-CIO)." B) ?International Labor Organization (ILO)." C) ?Department of State (DOS)." D) ?Union Network International (UNI)."