Defenders of advertising say it is unrealistic to attribute a firm's market dominance and barriers to entry solely to advertising.
Answer the following statement true (T) or false (F)
True
Defenders of advertising say it is unrealistic to attribute a firm's market dominance and barriers to entry solely to advertising. There are a number of other factors, such as price, product quality, distribution effectiveness, production efficiencies, competitive strategies and even government legislations.
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The FASB standards do not have a specific rule that requires residual value and asset life to be reviewed annually for property, plant, and equipment
a. True b. False Indicate whether the statement is true or false
Under the Fair Packaging and Labeling Act, which of the following governmental units promulgates rules governing the labeling and packaging of products?
A) the Federal Trade Commission B) the Occupational Safety and Health Administration C) the Interstate Commerce Commission D) the Department of Health and Human Services
Which of the following qualifications is desirable for individuals working as observers in observation studies?
A. Experienced B. Detail-oriented C. Concentration D. Unobtrusive E. All of the above are correct.
Individuals Jimmy and Ellen form JE Corporation. Ellen transfers land and a building with a $175,000 adjusted basis and $200,000 FMV in exchange for 50% of the stock of the JE Corporation and a $20,000 note. Jimmy transfers cash of $200,000 for 50% of the stock and a $20,000 note. The transaction meets the terms of Sec. 351. The JE stock has a fair market value of $360,000. What is:
a. the amount of Ellen's gain or loss recognized on the transfer? b. the basis of her stock in JE Corporation? c. JE Corporation's basis in the land and building (together) transferred by Ellen?