For purposes of the dependency exemption, a qualifying child must be under age 19, a full-time student under age 24, or a permanently and totally disabled child.

Answer the following statement true (T) or false (F)


True

Two primary considerations for qualifying child status are age and full-time student status. In addition, an otherwise eligible individual may qualify.

Business

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The ending inventory balance represents

a. Expired costs and is reported on the balance sheet as an asset. b. The cost of goods sold during the current period and is reported on the balance sheet as an asset. c. Expired costs and is reported on the income statement as an expense d. Unexpired costs and is reported on the balance sheet as an asset.

Business

Companies normally develop product lines rather than a single product and introduce price steps such as a low-, average-, and high-priced computer system

Indicate whether the statement is true or false

Business

According to the text, which of the following is true of performance management methods?

A. Most organizations use a standard form to evaluate employee performance. B. There is typically just an overall global rating for performance. C. It is best to rate traits such as having a positive attitude since it always relates to performance. D. Ratings are typically done however the rater chooses.

Business

A ______ is a positive moral trait or quality.

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

Business