An increase in an expense results in an increase in owner's equity.
Answer the following statement true (T) or false (F)
False
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Shane, a self-employed junior partner in a law firm, makes the following gifts with their values noted: Managing partner in Shane's firm $30 Shane's personal assistant 404 clients ($27 each)108 What amount of the gifts is deductible?
A. $150 B. $125 C. $75 D. $178
Which of the following refers to a behavioral segmentation variable that involves segmenting markets into nonusers, ex-users, potential users, first-time users, and regular users of a product?
A) user status B) usage rates C) gender status D) income status E) loyalty status
Preferred stock issued in exchange for land would be reported in the statement of cash flows in
A) the cash flows from financing activities section B) the cash flows from investing activities section C) a separate schedule D) the cash flows from operating activities section
France and the United States are signatories of the Berne Convention. Alain, a citizen of France, publishes a book first in France and then in the United States. Alain's copyright must be recognized by
A) France only B) France and the United States only. C) all of the signatories of the Berne Convention. D) none of the choices.