The selection of a sample in quantitative and qualitative research is guided by two opposing philosophies.

a) True
b) False


a) True

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Exports do not depend on the ability of importers to sell products to local customers, using local currency.

Answer the following statement true (T) or false (F)

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The Statement of Cash Flows indicates the cash inflows and outflows from

a. investing, financing, and borrowing activities. b. operating, investing, and sending activities. c. merchandising, financing, and investing activities. d. operating, investing, and financing activities.

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Under a perpetual inventory system, the amount of each type of merchandise on hand is available in the

A) customer's ledger B) creditor's ledger C) inventory ledger D) merchandise inventory account

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Max retired in 2018 at age 62. During the year he received distributions of $9,000 from his IRA. He made nondeductible contributions of $20,000 to the IRA in prior years and has never received a nontaxable distribution. As of December 31, 2018, the value of his IRA was $150,000. Calculate the taxable portion of Max's distribution.

A. $1,132. B. $7,868. C. $9,000. D. $0.

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