The downside of tax avoidance includes the potential of stiff monetary penalties and imprisonment.
Answer the following statement true (T) or false (F)
False
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With a frequency program, consumers are more likely to put forth greater effort to obtain luxury goods as opposed to necessity items
Indicate whether the statement is true or false
According to RIASEC model, if you want to hire an employee that will get things done, you are probably looking for someone whose personality type is more ______.
A. realistic B. artistic C. social D. conventional
The marketing manager at Little Red Architects, a firm that specializes in the design of school buildings, discovered a glitch in the software that the firm uses. As a result, some of its most recent projects will come in over budget. In the context of SWOT analysis, a discussion of this would be included under ________.
A. strategies B. opportunities C. threats D. weaknesses E. strengths
Wade and Paul form Swan Corporation with the following investments. Wade transfers machinery (basis of $40,000 and fair market value of $100,000) and Paul transfers land (basis of $20,000 and fair market value of $90,000) and services rendered (worth $10,000) in organizing the corporation. Each is issued 25 shares in Swan Corporation. With respect to the transfers:
A. Wade has no recognized gain; Paul recognizes income/gain of $80,000. B. Neither Wade nor Paul has recognized gain or income on the transfers. C. Swan Corporation has a basis of $30,000 in the land transferred by Paul. D. Paul has a basis of $30,000 in the 25 shares he acquires in Swan Corporation. E. None of these.