Two considerations that cause a corporation's cost of capital to be different than its investors'
required returns are
A) individual taxes and dividends.
B) corporate taxes and flotation costs.
C) corporate taxes and the earned income tax credit.
D) individual taxes and corporate taxes.
B
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What is meant by the term "topside" journal entries?
a. The entries appearing in the beginning of a general ledger. b. The entries that involve the overriding of internal controls. c. The entries made toward the end of the accounting period. d. The entries posted to subsidiary ledgers where supporting information is maintained.
What type of ethical misbehavior did UK managers rate highest in incidence among the most common they witnessed?
a. taking credit for others’ work b. lying about being sick c. performing low-quality work d. defrauding customers
An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period can be spread over four tax years.
Answer the following statement true (T) or false (F)
Forecasts are always wrong and therefore
A) should include both the expected value of the forecast and a measure of forecast error. B) should not include both the expected value of the forecast and a measure of forecast error. C) should only be used when there are no accurate estimates. D) should be missing the expected value of the forecast and a measure of forecast error.