Free trade areas constitute an exception to the GATT National Treatment principle
Indicate whether the statement is true or false
false
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Seth and Beth have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $27,000 and $18,000, respectively; and the remainder to be divided equally. How much of the net income of $42,000 is allocated to Seth?
a. $20,000 b. $23,000 c. $32,000 d. $0
Unlike optimization models, simulation provides:
A) recommendations. B) operating characteristics. C) suggestions. D) solutions .
The occupation with the fastest growth overall is ________.
A. professional service B. sales and related services C. health care D. office and administrative support
Jack transfers property worth $250,000 to a revocable trust on January 1. Two-and-a-half years later, when the property is worth $300,000, the trust becomes irrevocable. Which of the following statements is correct?
A) A $300,000 gift occurs when the trust became irrevocable. B) A $250,000 gift occurs when the original transfer was made. C) A $250,000 gift occurs when the trust became irrevocable. D) Jack may elect which amount to report as a gift.