In 2019, Dargo Inc., a calendar year corporation, accrued a $75,000 year-end bonus payable to its communications director. Dargo and the director are not related parties. Dargo paid the bonus to the director on February 8, 2020. Dargo can deduct the bonus in 2019.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Dyan executes her will to give "to my nephew Esau my stock in Fargo, Inc." Later, Dyan writes separately, with the same formalities required for a will, to leave the stock to her niece Ginny and cash to Esau. This writing
A. does not affect the will's gift of the stock to Esau. B. requires a gift of the stock in equal shares to Esau and Ginny. C. revokes the whole will, which must be redrafted. D. revokes the will's gift of the stock to Esau.
Financial ratios are useful for measuring performance because maximizing the return on equity for
common shareholders is the primary goal of financial managers. Indicate whether the statement is true or false
All the business forms listed below have limited liability EXCEPT the A)limited liability company
B)general partnership. C)"S" corporation. D)corporation.
Last school year, the student body of a local university consisted of 30% freshmen, 24% sophomores, 26% juniors, and 20% seniors. A sample of 400 students taken from this year's student body showed the following number of students in each classification. Freshmen113Sophomores98Juniors115Seniors74? We are interested in determining whether or not there has been a significant change in the classifications between the last school year and this school year. The calculated value for the test statistic equals
A. .54. B. .65. C. 2.063. D. 2.664.