Not all of the states that impose a general sales tax also have a use tax

a. True
b. False
Indicate whether the statement is true or false


False
RATIONALE: Every state that has a general sales tax also has a use tax. There are no states with only a sales or use tax.

Business

You might also like to view...

Rhoads Corporation is authorized to issue 250,000 shares of $50 par, 10%, noncumulative, nonparticipating preferred stock and 5,000,000 shares of no-par common stock. Prepare journal entries to record the following selected transactions that occurred during this year: Feb. 1Issued 10,000 shares of common stock for $30 cash per shareFeb. 15Exchanged 2,000 shares of preferred stock for equipment and merchandise inventory with market values of $80,000 and $30,000, respectively.

What will be an ideal response?

Business

According to Maslow, the need for status, reputation, and recognition is part of a person's _____ needs.

A. self-actualization B. love C. esteem D. safety E. physiological

Business

Identify and briefly describe the six current drivers of project management.

Fill in the blank(s) with the appropriate word(s).

Business

Profitability control is the prime responsibility of line and staff management

Indicate whether the statement is true or false

Business