[The following information applies to the questions displayed below.]On August 1, Year 1, Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9% to Galaxy Bank. Jackson accrues interest expense on December 31, Year 1, its calendar year-end.What is the cash flow from financing activities that will be reported during the year ending December 31, Year 1?
A. $83,000 inflow
B. $80,000 inflow
C. ($87,200) outflow
D. $0
Answer: B
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On March 1, 2016, Bema Inc. issued 600 shares of its publicly traded stock as compensation to its employee, Ms. McPhee. On date of issuance, the stock's fair market value was $12,000. Under the terms of her employment contract, Ms. McPhee couldn't dispose of the stock before July 1, 2019, and if she terminated her employment with Bema before that date, she had to forfeit the stock back to Bema. Ms. McPhee made a timely election in 2016 to accelerate income recognition with respect to the 600 shares of restricted stock. On July 1, 2019, Ms. McPhee, who was still employed by Bema, sold all 600 shares for $26,000. What are the 2019 tax consequences to Ms. McPhee?
A. She recognizes $12,000 ordinary income and $14,000 capital gain in sale of the stock. B. She recognizes zero ordinary income and $26,000 capital gain on sale of the stock. C. She recognizes $26,000 ordinary income and zero capital gain on sale of the stock. D. She recognizes zero ordinary income and $14,000 capital gain on sale of the stock.
When using a niche marketing strategy, a firm goes after a large share of one or a few smaller segments
Indicate whether the statement is true or false
Dumping is
A. selling a product abroad tax-free and with an extended warrantee. B. exporting a product to a third country without correct documentation. C. selling a product abroad for less than its production cost or cost in the home market. D. selling a product at its domestic market value.
When Americans conduct business abroad, they should always adopt the ethical standards of the foreign country as a sign of respect
Indicate whether the statement is true or false