Which, if any, of the following transactions will decrease a taxing jurisdiction’s ad valorem tax revenue imposed on real estate?
A. A tax holiday is granted to an out-of-state business that is searching for a new factory site.
B. An abandoned church is converted to a restaurant.
C. A public school is razed and turned into a city park.
D. A local university sells a dormitory that will be converted for use as an apartment building.
E. None of these.
Answer: A
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The Refining Department of Sweet Sugar, Inc had 79,000 tons of sugar to account for in July
Of the 79,000 tons, 49,000 tons were completed and transferred to the Boiling Department, and the remaining 30,000 tons were 50% complete. The materials required for production are added at the beginning of the process. Conversion costs are added equally throughout the refining process. Calculate the total equivalent units of production for direct materials. A) 64,000 units B) 49,000 units C) 15,000 units D) 79,000 units
All of the following statements regarding liabilities are true except:
A. Unearned future wages to be paid to employees should be recorded as liabilities. B. A liability is a probable future payment of assets or services. C. Liabilities can involve uncertainty in whom to pay. D. Information about liabilities is more useful when the balance sheet identifies them as either current or long term. E. For a liability to be reported, it must be a present obligation that results from a past transaction or event, and requires a future payment of assets or services.
SweetSpot Inc., a beverage producer, uses the promotional messages generated by its internal team and communicates through its website and Facebook page. What is the advantage SweetSpot derives by this approach?
A. potentially large audience B. more precise targeting C. manage and maintain without resources D. versatility in message content and format E. most-trusted information source
Subject to certain limitations, a third person, on learning of the existence of an undisclosed principal, may sue the principal
Indicate whether the statement is true or false