If there is not enough gross tax liability to use the foreign tax credit, ________.
A. it is carried back two years or forward 20 years
B. it expires unused
C. it is carried back one year or forward 10 years
D. it is carried back three years or forward five years
Answer: C
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The net income of Sunrise Corporation is $5 million, and shareholders’ equity is $50 million. The return on equity is:
A. 5%. B. 10%. C. 20%. D. 15%. E. 25%.
Use this information to answer the following question. Oct. 1 Inventory 200 units @ $12.00 6 Purchase 300 units @ $13.20 13 Purchase 100 units @ $14.40 20 Purchase 200 units @ $15.60 25 Purchase 40 units @ $16.80 Total sales 620 units A periodic inventory system is used. Using LIFO, the cost assigned to ending inventory is
A) $3,480. B) $8,112. C) $2,664. D) $8,928.
Which of the following sentence pairs contains a transitional phrase that detracts from coherence?
A) First, productivity will improve by 12%. For example, employees will be happy. B) Salaries will increase by 6%. In contrast, the sick-day allowance will decrease by 2%. C) The fliers should arrive by 5:00 p.m. Then our interns will post them on campus bulletin boards. D) The new computer is being repaired. However, the repair service loaned us another system. E) The union strike should help teachers receive higher salaries. On the other hand, students will suffer if teachers go on strike.
________ is a service factor performance characteristic of Manufacturer or Distributor Storage with Customer Pickup that is lower than other options because of the lack of home delivery. Experience is very sensitive to capability of pickup location
A) Response time B) Product variety C) Customer experience D) Time to market