Which of the following items must be reported separately from ordinary income or loss on a partnership return?
A. Capital losses
B. Miscellaneous income
C. Cost of goods sold
D. Sales income
E. None of the above
Answer: A
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The Fair Credit Reporting Act (FCRA) requires that credit bureaus remove obsolete bankruptcy filings from credit reports. A bankruptcy filing is considered to be obsolete after
A. 13 years. B. 8 years. C. 7 years. D. 14 years.
Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $26,900. The South Division's divisional segment margin is $42,800 and the West Division's divisional segment margin is $29,900. What is the amount of the common fixed expense not traceable to the individual divisions?
A. $69,700 B. $72,700 C. $45,800 D. $56,800
What type of marketing tends to be more reliable and trustworthy than messages from more formal marketing channels?
a. Reputational capital. b. Object sociality. c. Flaming. d. Social proof. e. Word-of-mouth.
In international business transactions, a documentary letter of credit:
A) is a method of payment of goods that reduces the seller's risk from the possibility that the goods will be shipped, but not paid for. B) is a type of bill of lading. C) is a guarantee by the seller's bank that it will pay the price of the exported goods if the seller breaches the contract. D) All of these.