Which of the following qualify for a medical expense deduction?
I.Over-the-counter cough medicineII.Chiropractic treatments?
A. Only statement I is correct.
B. Only statement II is correct.
C. Both statements are correct.
D. Neither statement is correct.
Answer: B
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Answer the following statements true (T) or false (F)
1. The jewelry, tattoos, piercings, and makeup a person uses are known as emblems. 2. Affect displays complement, enhance, or substitute for a verbal message. 3. A hug or pat on the back is an example of a social touch. 4. Shared understanding of what communication means and what constitutes appropriate ommunication are known as communication rules. 5. Verbal communication does not carry any symbolic meaning or understanding.
Concerning accounting for warranties, which of the following statements is false?
A) The GAAP approach of accruing warranty expense (and the related liability) in the year of the sale is not an acceptable method for federal income tax purposes. B) The modified cash basis is the most conceptually sound method for financial reporting. C) In accounting for service-type warranties, companies much report warranty expense in the period of sale. D) The modified cash basis recognizes warranty expense when cash is paid for the repairs to merchandise under warranty.
The master budget of a small manufacturer would normally include all necessary component budgets except the budgeted balance sheet
Indicate whether the statement is true or false
In a generic market,
A. sellers may compete in different product-markets. B. there may be many ways to satisfy customers' needs. C. diverse types of products may compete for customers. D. customers have broadly similar needs. E. All these answers are correct.