The personal holding company penalty tax rate is
A) 20%.
B) 10%.
C) 15%.
D) 35%.
A) 20%.
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Which of the following is true about a journal?
a. Each journal entry records only the debit side of a transaction. b. A journal cannot be done on a computerized accounting system because of possible security issues. c. A general journal records particular types of transactions such as credit sales. d. A specialized journal records transactions in the order they occur.. e. A journal may be a book, such as in a manual accounting system.
Marascuilo procedure is used to test for a significant difference between pairs of population
A. proportions. B. means. C. variances. D. standard deviations.
In comparison to primary data, secondary data
A. can be gathered from internal sources as well as external sources. B. are more time-consuming to gather. C. are always valid even if they are not always reliable. D. are more costly to gather. E. availability guarantees the researcher will do a better job.
A private, not-for-profit hospital received the following restricted contributions and other receipts during the year ended December 31, 20X8: (1)For research$300,000 (2)For equipment acquisitions$200,000 (3)Income from endowment to be used for newaddition to hospital plant$1,000,000 None of the contributions or other receipts were expended during the ended December 31, 20X8. For the year ended December 31, 20X8, what amount would be reported on the hospital's statement of changes in net assets as an increase in net assets with donor restrictions?
A. $500,000 B. $1,500,000 C. $1,200,000 D. $300,000