When charitable organizations such as the American Cancer Society, Second Harvest Food Bank, and the Red Cross make purchases for goods and services to use in their daily operations, they would be considered to be _______ buyers.
A. corporate
B. government
C. institutional
D. producer
E. reseller
Answer: C
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Preferred stockholders must receive their current year dividends before the common stockholders can receive any dividends
Indicate whether the statement is true or false
Among the major trends in health care that relate to OSCM is telemedicine (remote diagnosis).
Answer the following statement true (T) or false (F)
Susan O'Rourke hired an attorney to represent her in a court case involving an auto accident. The attorney charged O'Rourke a $2,000 retainer fee for his services. Terry Thomas needed a haircut - the local stylist charged him $12 for her services. Aaron Mathison mowed his neighbor's lawn; in exchange, the neighbor roto-tilled Mathison's garden. The attorney fees paid by O'Rourke, the $12 charged by the hair stylist, and the exchange of lawn mowing for garden tilling are all examples of
A. premiums. B. outlays. C. barter. D. the profit motive. E. price.
Davis, Inc., a motorcycle wheel manufacturer, purchased a new spoke machine in 2019 for $200,000. What are the tax effects of this purchase? I. If taxable income is $100,000, then $100,000 can be expensed in 2019. II. No Section 179 election is allowed if Davis decides to use a $200,000 depreciable basis. III. If Davis had purchased a total of $4,400,000 of equipment in 2019, the corporation can deduct none of the purchases in 2019 through the use of the Section 179 election. ?
A. Only statement I is correct. B. Statements I and II are correct. C. Statements II and III are correct. D. Statements I and III are correct. E. Statements I, II, and III are correct.