All of the following are false regarding apportionment except?
A. Applies to only business income.
B. Investment income is subject to apportionment.
C. Applies to only nonbusiness income.
D. Applies to both business and nonbusiness income.
Answer: A
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Cybersquatting describes the practice of
A. registering multiple domain names and then selling them back to companies at inflated prices. B. hacking into a company's website to install a virus designed to cause the company's website to totally cease operation. C. hacking into a company's website to install a virus or Trojan horse designed to steal information but allow the site to continue operation. D. using mechanical devices to access a company's website multiple times to the point that traffic to the site is slowed or blocked.
Scope limitations resulting in disclaimers under U.S. auditing standards affect the standard audit report through which of the following?
a. Modifying the introductory paragraph b. Eliminating the scope paragraph. c. Adding an explanatory paragraph before the disclaimer paragraph. d. Both B and C. e. All of the above.
Which of the following statements is true about investments categorized as trading securities?
a. They are valued on the balance sheet at cost. b. They can consist of debt, but not equity, securities. c. They are purchased to be held to maturity. d. Changes in market value are reflected in net income.
Lewin’s change model includes all of the following steps, EXCEPT ______.
a. freezing b. unfreezing c. refreezing d. moving