Which of the following is definitely not an adjustment to gross income?
A)
Contributions to a health savings account
B)
Non-taxable municipal bond interest
C)
Non-taxable contributions to IRAs
D)
Alimony payments
B
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Explain the positive and negative effects of both converging and diverging.
What will be an ideal response?
In considering whether a company should invest in debt or equity securities of another company, which of the following statements is incorrect?
A) The company wants to make the best use of its excess cash to generate investment income. B) Investment income consists of interest earned from equity securities and dividends earned from debt investments. C) Investment income includes increases in the market value of debt or equity securities. D) The excess cash that can be invested could be the result of temporary or seasonal business fluctuations.
Actual fixed overhead minus budgeted fixed overhead equals the
a. fixed overhead volume variance. b. fixed overhead spending variance. c. noncontrollable variance. d. controllable variance.
What is the distinction between theft and embezzlement?
A) The mens rea is different B) The amount taken C) The entrustment of the property D) They are the same crime.