____ is used to trap errors not specifically addressed in one of the exception handlers.
A. WHERE
B. EXIT WHEN
C. WHEN OTHERS
D. EXCEPTION
Answer: C
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Sally is a cash-basis taxpayer and a member of the Valley Barter club. This year Sally provided 100 hours of sewing services to the barter club in exchange for two football playoff tickets. Which of the following is a true statement?
A. Sally need not recognize any gross income unless she sells the football tickets. B. Sally is taxed on the value of the football tickets even if she cannot attend the game. C. Sally's exchange does not result in taxable income. D. Sally is taxed on the value of her sewing services only if she is a professional seamstress. E. None of the choices are correct.
Under the indirect method, a decrease in inventory is added to net income to determine cash flow from operating activities
a. True b. False Indicate whether the statement is true or false
Premier Services, Inc. pays $1,350,000 to acquire 38% of voting stock of Blue Investments, Inc. on March 5, 2019. Which of the following is the correct journal entry for the transaction?
A firm experiences diseconomies of scale when it
A. moves down the experience curve. B. has a constant return to scale. C. produces at an output level beyond the minimum efficient scale. D. has a steep learning curve when compared to its competitors.