Liquidation expenses incurred by a corporation are generally deductible as § 162 trade or business expenses
a. True
b. False
Indicate whether the statement is true or false
True
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If a buyer repudiates a contract for identified, conforming goods before risk of loss has passed to him/her, ________.
A. the buyer is liable for a commercially reasonable time for any loss or damage to the goods that is not covered by the seller's insurance B. the buyer is not liable for any loss or damage to the goods C. the seller is liable for a commercially reasonable time for any loss or damage to the goods D. the buyer and the seller must share the loss equally
The variable costing reports of service firms will not report ________
a. contribution margin ratio b. manufacturing margin c. contribution margin d. None of these choices.
A laissez-faire decision style, in which a leader essentially makes no decisions, leads to
A) more negative attitudes and lower performance. B) more positive attitudes and higher performance. C) static attitudes and static performance. D) more negative attitudes and static performance. E) more positive attitudes and static performance.
A German firm has contracted to sell a U.S. firm goods valued at 140,00 . euro. The euro is valued at $1.45 . Compute the value of the shipment in U.S. dollars