The first device commonly used to perform word processing functions was known as the MTST (magnetic tape selectric typewriter)
Indicate whether the statement is true or false.
T
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It is ok to recruit a skilled person with a poor attitude.
Answer the following statement true (T) or false (F)
The Tax Court decides an expenditure is deductible in the year the issue was first litigated. The government appealed and won a reversal in the Ninth Circuit Court of Appeals. It is the only appellate decision regarding the issue. If and when the Tax Court encounters this issue again, how will it hold?
What will be an ideal response?
Advantages of Alternative Dispute Resolution (ADR) include:
a. ADR is faster than litigation. b. ADR keeps the parties talking rather than fighting. c. ADR is less expensive than litigation. d. All of the above are advantages of ADR.
What is the after-tax dollar value of X's realized profits during the year on its sales to Y?
X Inc. owns 80% of Y Inc. During 2018, X Inc. sold inventory to Y for $10,000. Half of this inventory remained in Y's warehouse at year end. Y Inc. sold Inventory to X Inc. for $5,000. 40% of this inventory remained in X's warehouse at year end. Both companies are subject to a tax rate of 40%. The gross profit percentage on sales is 20% for both companies. Unless otherwise stated, assume X Inc. uses the cost method to account for its Investment in Y Inc. A) $400. B) $2,000. C) $600. D) $1,000.