Which of the following would create a permanent difference between published statements and tax returns?
a. Municipal bond interest income
b. Deductible charitable contributions
c. MACRS depreciation
d. Bad debt expense
ANSWER: A
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Which of the following statements can be conditionally privileged in defamation suits?
A. Private statements between spouses B. Statements by members of Congress on the floor of Congress C. Statements by participants in judicial proceedings D. Statements made in the furtherance of legitimate business interests
The Europeans adopted the 13-digit _____ as a standard for universal product codes.
Fill in the blank(s) with the appropriate word(s).
Pacific Whale Corporation reported the following information for 2011 and 2012: Accounts receivable, December 31, 2011 $122,000 Accounts receivable, December 31, 2012 113,000 Sales (all on credit)--2012 850,000 How much cash was received from customers during 2012?
A) $972,000 B) $841,000 C) $859,000 D) $963,000
An isolated store location is most suitable to a retailer _____
a. that is a parasite b. that can attract and hold its target market c. with a mass marketing strategy d. with a multiple segmentation strategy