Given the following list of methods of depreciation, select the method that is best for the situation or purpose given. (Select all that apply.) This method is used in situations where technological advances are rapid
a. Straight-line
b. Units-of-production
c. Double-declining-balance
d. MACRS
c, d
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Rarke Company must choose between two alternate transactions. Transaction 1 requires a $20,000 nondeductible cash outlay, while transaction 2 requires a $25,000 deductible cash outlay. Determine the marginal tax rate at which the after-tax costs of the two transactions are equal.
A. 25% B. 20% C. 15% D. 30%
Which of the following is true of a partner's right to compensation?
A. Compensation is never presumed to be the partner's share of the profits. B. The partners may agree that one or more of them is to be paid a salary in addition to sharing in profits. C. The partners may not agree that one or more of them is to be paid a salary, which will not be deducted at the end of the year from his or her profits. D. A partner is always entitled to salary or wages.
Rules for the distribution of property in a situation involving intestate succession:
A) vary widely from state to state. B) are uniform federal rules. C) will govern distribution of an intestate's estate only if such distribution conforms to the clear intention of the decedent. D) at common law and today, prevent intestate property from ascending lineally.
When dividend payout ratios are higher than ________, investors should investigate whether or not they are sustainable
A) 15% B) 25%. C) 40%. D) 75%.