Intranets:
A) are based on mainframe technology.
B) are multiple networks joined together.
C) are typically used to communicate with the business's trusted vendors.
D) use Internet technology for a private company network.
E) provide the platform on which a firm builds its information systems.
D
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A schedule of accounts payable is prepared from the list of accounts in the accounts payable ledger
Indicate whether the statement is true or false
When considering the roles of coalition partners, fence sitters are parties who will not take a stand on a given issue.
Answer the following statement true (T) or false (F)
______ error occurs when the evaluator makes assumptions about the reasons or motivations for an observed behavior.
A. Recency B. Contrast C. Attribution D. Similarity
Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $50,000 to J.D. His basis in his Clampett, Inc., stock on January 1, 2020, was $30,000. For 2020, J.D. was allocated $10,000 of ordinary income from Clampett, Inc., and no separately stated items. What is the amount of income J.D. recognizes related to Clampett, Inc., in 2020?
A. $60,000. B. $10,000. C. $50,000. D. $20,000. E. None of the choices are correct.