When common stock is issued in exchange for land, the land should be recorded in the accounts at the par value of the stock issued
a. True
b. False
Indicate whether the statement is true or false
False
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Ellen, a CPA, prepares a tax return for Frank, a plumber, in exchange for installing a new sink. Since no cash changed hands, neither taxpayer is required to report any income.
Answer the following statement true (T) or false (F)
Fact Pattern 3-1BOrin and Pia engage in a business transaction from which a dispute arises. Orin initiates a lawsuit against Pia by filing a complaint.Refer to Fact Pattern 3-1B. If Pia files a motion to dismiss, she is asserting that
A. Orin did not state a claim for which relief can be granted. B. Orin's statement of the facts is not true. C. Orin's statement of the law is not true. D. Pia suffered greater harm than Orin.
Dumping, which is the practice of selling products in an international market for an unfairly low price, may cause an additional duty to be added to the item
Indicate whether the statement is true or false
Joel was recently hired as a police officer in his city's police department. As part of employee training, his supervisor trains him off-site on the use of firearms. He does this so that Joel does not make any errors in real-life situations. In the given scenario, Joel is going through _____.
A. a computer-based training program B. vestibule training C. on-the-job training D. an orientation program