Which of the following statements is false?
A)
If you are listed as a dependent on your parent's return, you need not file an individual return yourself.
B)
If you are under 24 and a full-time student, you may be claimed as a dependent on your parent's return.
C)
A qualified tuition reduction is tax-free.
D)
Scholarships and fellowships may or may not be included in taxable income.
A
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On January 1, 2018, Como Company purchased 45% of the outstanding common shares of the Lite Company for $200,000. The net assets of Lite Company totaled $400,000. The inventory had a book value of $100,000 and a fair value of $120,000. Excess cost attributable to inventory is written off in 2018. During 2018, Lite Company earned $200,000 and declared a dividend of $40,000 for the year.The excess amount paid for Lite Company attributable to inventory is
A. $9,000. B. $20,000. C. $11,000. D. $22,000.
The international division that is responsible for a firm's worldwide marketing activities is headed by a division president who sets goals and budgets and is in charge of the company's international growth
Indicate whether the statement is true or false
A vision ______.
a. can seem ridiculous and still be effective b. must be possible to attain c. can be unique to an individual d. is often impossible to achieve
Under the defense of contributory negligence, if Mary is partially responsible for her injuries, then she can recover partial damages from the defendant
Indicate whether the statement is true or false