Most states treat a partnership as an aggregate for most purposes.?
Indicate whether the statement is true or false
False
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Land is not depreciated because it
a. appreciates in value. b. does not have an established depreciable life. c. has a useful life that is limited to the period of time a company is in business. d. will provide future benefits for a company for an unlimited period of time.
Revenue accounts are usually numbered in the 101, 102 range, and expense accounts are usually numbered in the 201, 202 range
Indicate whether the statement is true or false
The Occupational Safety and Health Administration (OSHA) may cite employers under all of the following violations EXCEPT
A. willful violations. B. serious violations. C. other-than-serious violations. D. minor violations.
The Dog Groomers of Arizona lobbies the Arizona legislature to impose strict licensing requirements on new groomers. These severely limit entry into the occupation, but allow existing groomers to stay in operation regardless of ability. The legislature passes the law. Under the antitrust laws this is likely to be:
a. an illegal boycott b. an illegal exclusive dealing arrangement c. an illegal price discrimination arrangement d. an illegal territorial restriction e. exempt from prosecution under the Parker doctrine