The alternative minimum tax (AMT) was created by Congress to make it more difficult for wealthy individuals to avoid paying taxes through the use of various deductions.
Answer the following statement true (T) or false (F)
True
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Par value
a. is established for a share of stock after it is issued. b. is the legal capital established for a share of stock. c. represents what a share of stock is worth. d. represents the original selling price for a share of stock.
An example is:
a. abstract b. concrete c. both of the above d. none of the above
Answer the following statements true (T) or false (F)
1. Voter turnout at union elections is usually less than voter turnout for elections for governmental representation. 2. It often takes up to a year between the time a union files an election petition and the time the election is actually held. 3. New NLRB rules allow the NLRB to certify a union as representative of the bargaining unit even if some disputed ballots exist, as long as there are not enough of them to change the outcome of the election. 4. The primary consideration for an individual in considering whether to vote "yes" for a union is the perceived costs and benefits associated with unionization. 5. Age and gender are important factors in determining whether an individual votes "yes" for a union.
Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly. In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted-average process cost system to collect costs in both departments.On January 1, the Molding Department had 4,000 dolls in process. These dolls were 100% complete with respect to direct materials and 70% complete with respect to conversion cost. During January, Molding completed 79,000 dolls. On January 31, Molding had 7,000 dolls in work in process. These dolls were 100% complete with respect to direct materials and 25% complete with respect to conversion cost. What are the Molding Department's
equivalent units related to conversion costs for January? A. 80,750 B. 77,950 C. 83,750 D. 84,250