In 2017, Hal furnishes more than half of the support of his ex-wife and her father, both of whom live with him. The divorce occurred in 2016 . Hal may claim the father-in-law and the ex-wife as dependents

a. True
b. False
Indicate whether the statement is true or false


True
RATIONALE: The father-in-law meets the relationship test, but the ex-wife does not. Except in the year of divorce, an ex-wife can be a dependent under the member of the household test.

Business

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In spite of forming an economic bloc, the 10 ASEAN nations have many problems that need to be solved. List any two problems?

What will be an ideal response?

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Royer Corporation engaged in this transaction: Transferred cash to money market account. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows

a. Does not represent a cash flow b. Operating activities section c. Investing activities section d. Financing activities section

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Which of the following descriptions would not fit the definition of a liability?

a. Obligation to deliver services already paid for b. Result of past transaction c. Future obligation for future salary payments d. Present obligation for future payment

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Being credible to a connector means that a firm must do all of the following, EXCEPT

A) establish that it is a reliable source of information. B) persuade the connector to accept a story sight-unseen. C) demonstrate that it is well-qualified to present material on a topic. D) prove to the connector's audiences that the organization is an authority and has expertise. E) exercise diligence in gathering information and facts.

Business