A trust for the dissemination of a particular political doctrine cannot be a charitable trust
a. True
b. False
Indicate whether the statement is true or false
False
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Whereas ________ proposals are used to request decisions from managers within an organization, ________ proposals are directed to parties outside the organization
A) formal; informal B) internal; external C) solicited; unsolicited D) external; internal E) direct; indirect
At the end of the year, the company counted the inventory and found 35 units remaining. Calculate the cost of goods sold for the year. (Round the unit costs to two decimal places and total costs to the nearest dollar.)
A company uses the weighted-average method of inventory valuation under a periodic inventory system. The company began the year with a zero inventory balance. They had the following transactions during the year. 1. Purchased 65 units at $6 per unit 2. Purchased 130 units at $6 per unit 3. Sold 110 units at $12 per unit 4. Purchased 60 units at $7 per unit 5. Sold 110 units at $13.25 per unit A) $6 B) $218 C) $1,590 D) $1,372
Acme Global needed to hire 30 new advertising sales agents. The applicant pool consisted of 100 African American males and 100 White males. Of the 200 applicants, Acme Global hired 10 of the African American males and 20 of the White males. Is there evidence of disparate impact?
A. Yes, the African American selection rate of 20% is less than 80%, so the Four-Fifths Rule is not met. B. Yes, the African American selection rate of 5% is less than 16%, so the Four-Fifths Rule is not met. C. No, the African American selection rate of 20% is more than 5%, so the Four-Fifths Rule is met. D. No, the African American selection rate of 10% is less than 80%, so the Four-Fifths Rule is met.
Ficia Inc. owned investment land subject to a $294,500 recourse mortgage. Ficia failed to make timely mortgage payments, so the creditor foreclosed. At date of foreclosure, Ficia's basis in the land was $300,000, and the land's appraised FMV was $260,000. The creditor informed Ficia that it would not pursue collection of the $34,500 unpaid balance of the mortgage. Which of the following statements is true?
A. Ficia recognizes only a $40,000 capital loss. B. Ficia recognizes only a $5,500 capital loss. C. Ficia recognizes $34,500 ordinary income and a $40,000 capital loss. D. None of the above