Which of the following postulates states that unless there is evidence to the contrary, it is assumed that the firm will continue indefinitely?
a. Entities
b. Time period
c. Consistency
d. Going concern
ANSWER: D
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Alton is 60-years-old and plans to fully retire in ten years. He has contributed to a traditional IRA for several years, and it now has a $150,000 balance. All of his contributions were deductible. Alton is considering converting the traditional IRA to a Roth IRA. He will pay any taxes due from a money market account he holds outside the IRA. The money market account earns a 5% after-tax rate of return. The IRA earns an 8% before-tax rate of return. Assume Alton's marginal tax rate is currently, and will remain at, 20%. He plans to withdraw the full balance from the IRA in ten years to buy a new house. Calculate the after-tax accumulation assuming he (1) retains the existing traditional IRA and (2) converts to the Roth IRA.
What will be an ideal response?
The broaden-and-build model is focused on ______.
A. moods B. emotions C. training D. personality
What is a true statement about altruism?
A. people are naturally selfish B. easy to put into practice C. promotes healthy organizations D. can be counted on to always produce good results
A novation does not need to be in writing and can be implied from the parties' actions.?
Indicate whether the statement is true or false