The ____ Reform Act of 1979 controls the collection and use of certain information collected by the IRS.

A. Tax
B. Bank
C. Investment
D. Retirement


Answer: A

Business

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On August 31, 2018, Allright Services received $3,500 in advance of performing the service. Which journal entry is needed to record the receipt of cash?

A) Debit Unearned Revenue $3,500, and credit Cash $3,500. B) Debit Cash $3,500, and credit Service Revenue $3,500. C) Debit Unearned Revenue $3,500, and credit Service Revenue $3,500. D) Debit Cash $3,500, and credit Unearned Revenue $3,500.

Business

A company produces three product lines and a different marketing manager is responsible for each line. Most marketing expenses are specific to each line, but a common sales force sells all three lines. Sales reps are paid by commission, with a different commission for each product line. In this case, in a marketing cost analysis,

A. sales commissions are a variable expense and would not be considered in the contribution-margin approach. B. the full-cost approach would be easier to do if all sales reps were paid a straight salary. C. the contribution-margin approach would probably divide personal selling expense based on commission expense for each product line. D. a full-cost approach would ignore commission expense, since it is not a fixed cost. E. None of these answers is correct.

Business

In a supertype-subtype structure, discriminator attributes ________

A) are easily represented in a relational design B) cannot be represented in a relational design C) require application logic to determine which subtypes correspond to a specific supertype instance D) Both B and C are correct

Business

SPZ Imports, a multinational company, has offices located in five countries. Each officeprocesses a single database that resides at each location. Which of the following types ofdatabases does SPZ use?

A) clustered database B) distributed database C) external database D) hypermedia database

Business