The §179 immediate expensing election phases out based upon the amount of tangible personal property a taxpayer places in service during the year.
Answer the following statement true (T) or false (F)
True
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Which of the following economic characteristics is consistent with a commercial bank?
a. Low barriers to entry. b. High levels of research and development. c. Low profit margin on lending activities. d. Low profit margin on fee-based financial services, such as merger consulting.
Firms sometimes acquire assets by exchanging an asset other than cash or by issuing common stock. In these cases, acquisition cost is either the fair value of the consideration given or the fair value of the asset received, depending on which value the firms can more reliably measure
Indicate whether the statement is true or false
Deming directed managers’ attention to the fact that most quality problems are not the fault of employees, rather, the ______ is to blame.
a. customer b. strategy c. system d. manager
Clark and Nestor start a catering business together. They sign a legal contract that states that the business is owned by them. The agreement also states that they will have an equal share in the profits of the business and will be equally liable for any losses incurred by the business. This scenario exemplifies _____.
A. a strategic alliance B. countertrade C. a partnership D. barter