All costs of organizing a partnership can be deducted in the year in which the partnership begins business.
Answer the following statement true (T) or false (F)
False
The deduction is limited to $5,000 and the excess costs are amortized over 180 months. If costs are over $50,000, the $5,000 deduction amount is reduced.
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Which of the following would be the least likely cost driver for an activity such as the usage of factory supplies?
A) Machine hours B) Number of engineering hours C) Direct labor hours D) Number of units produced
To determine the breakeven point in units, divide the fixed costs by
A. total costs. B. variable costs times price. C. price minus variable costs. D. price per unit. E. total revenue minus fixed costs.
Even if the correlation between the returns on two securities is +1.0, if the securities are combined in the correct proportions, the resulting 2-asset portfolio will have less risk than either security held alone.
Answer the following statement true (T) or false (F)
Which policy typically contains a non-repudiation clause?
A. Ethical computer use policy. B. Anti-spam policy. C. Information privacy policy. D. Acceptable use policy.