Nielsen-owned RADAR National Network Ratings uses measurements from a probability sample of 200,000 respondents age 12 and older who live in telephone households.
Answer the following statement true (T) or false (F)
True
RADAR measurements are based on information collected throughout the year by means of diary interviews from a probability sample of 200,000 respondents age 12 and older who live in telephone households. Respondents are instructed to record all radio listening as well as the day of the week, time of day, and location for a one-week period.
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During its first year of operations, 2016, the Cocoa Company reported both a pretax financial and a taxable loss of $300,000. The income tax rate is 30% for the current and future years. Due to a sufficient backlog of sales orders, Cocoa did not establish a valuation allowance to reduce the $90,000 deferred tax asset. However, early in 2017, one major customer, representing 60% of the 2017
year-end sales backlog, went bankrupt. Cocoa now believes that it is more likely than not that 75% of the deferred tax asset will not be realized. The entry to record the valuation allowance would be A) Income Tax Expense 67,500Deferred Tax Asset 67,500 B) Income Tax Benefit from OperatingLoss Carryforward 67,500Deferred Tax Asset 67,500 C) Income Tax Expense 67,500Allowance to Reduce DeferredTax Asset to Realizable Value 67,500 D) Allowance to Reduce Deferred TaxAsset to Realizable Value 67,500Income Tax Expense 67,500
For many managerial decisions (such as outsourcing and special order decisions), unit-level costs are avoidable costs.
Answer the following statement true (T) or false (F)
Which of the following events will cause the dissolution of a partnership?
A) The death of a partner B) A partner's assignment of his/her interest C) A partner's pledge of his/her interest to a creditor D) All of the above will result in the dissolution of the partnership.
The Tipton Division of Dudley Company reported the following data last year: Return on investment 20%Minimum required rate of return 12%Residual income$50,000 The division's net operating income last year was:
A. $75,000 B. $125,000 C. $100,000 D. $250,000