For estimating cash budget timing, the sale of equipment might occur in one month and the tax consequence in another month
Indicate whether the statement is true or false.
Answer: TRUE
You might also like to view...
In order to be classified as a process costing system, the product flow must represent a series of processes in which only one process has input into the next process
Indicate whether the statement is true or false
Clear Window Cleaners Clear Window Cleaners purchased new cleaning equipment at the beginning of 2011. The equipment has a cost of $53,000, an estimated life of 5 years, and an estimated residual value of $3,000. A full year's depreciation expense is to be recorded in 2011. The equipment was used 20,000 hours during 2011 and 24,000 hours during 2012. The number of expected hours over five years
is 125,000. Refer to the information provided for Clear Window Cleaners. Clear Window is comparing the straight-line and double-declining-balance depreciation methods. Of these two methods, which method creates the larger expense and larger tax savings in 2011? A) Straight-line depreciation creates the larger expense, while double-declining-balance depreciation creates the larger tax savings. B) Straight-line depreciation creates both the larger expense and the larger tax savings. C) Double-declining-balance depreciation creates both the larger expense and the larger tax savings. D) Double-declining-balance depreciation creates the larger expense, while straight-line depreciation creates the larger tax savings.
At a local fair, Ford hosted a booth and brought several models of its cars for customers to sit in and look at up close. Customers were then encouraged to fill out a comment card letting Ford know what their favorite model car was. At the end of the fair, one comment card would be chosen by the company and that person would win the car of their choice. This is an example of
A. a contest. B. a premium. C. a coupon. D. a deal. E. a sweepstakes.
Which of the following is NOT true regarding fidgeting?
a. Unnecessary movement can be distracting. b. If your whole body is on camera, do not gesture. c. Avoid swiveling in your chair. d. If seated, do no gesture excessively.