Lisa loans her friend, Grace, $10,000 to finance a new business. If Grace defaults on the loan, Lisa may take a deduction for a business bad debt in the year of total worthlessness.
Answer the following statement true (T) or false (F)
False
In order to be classified as a business bad debt, the debt must be related to the taxpayer's trade or business. See "Typical Misconception."
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Faller and Whitney Company, a firm that builds enterprise resource planning products for customers, wants to implement training programs for its employees as an HR initiative. Senior management proposes the use of an instructional design process. What should ideally be Faller and Whitney's next step?
A. person analysis B. task analysis C. competitor analysis D. organization analysis E. market analysis
______ is terminology that is specific to a particular profession or group. For example, statisticians talk about t-tests, chi-square tests, confidence intervals, and normal distributions.
A. The grapevine B. Technology C. Gossip D. Jargon E. Rhetoric
When bonds are issued by a company, the accounting entry shows an
a. increase in liabilities and a decrease in stockholders' equity. b. increase in liabilities and an increase in stockholders' equity. c. increase in assets and an increase in liabilities. d. increase in assets and an increase in stockholders' equity.
Profit-sharing or gain-sharing plans, including stock options, might ______.
A. decrease future performance B. be consistent enough for employees to count on as their total compensation C. encourage unethical behavior D. decrease perceptual biases in the rating process