Answer the following statements true (T) or false (F)

To be useful, inductive research must be kept value-free.


ANSWER: F

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A gift to charity from its 2020 income is deductible on an estate’s Form 1041 if it is made by the end of the ____________________ (2020, 2021) tax year.

Fill in the blank(s) with the appropriate word(s).

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A certificate of deposit is:

A. an instrument in which the maker makes an unconditional promise to pay a fixed amount of money with interest to the payee on demand. B. an instrument in which the maker makes an unconditional promise to pay a fixed amount of money without interest to the payee at the specified future time. C. the most widely used form of commercial paper that is a draft payable on demand and drawn on a bank. D. an instrument containing an acknowledgment by a bank that it has received a deposit of money and a promise to repay the sum of money.

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Comprehensive income as defined by the FASB

a. must be reported on the face of the income statement. b. includes all changes in equity during a period except those resulting from investments by and distributions to owners. c. is the net change in owners' equity for the period. d. means the same as net income. e. None of these answer choices is correct.

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Which of the following is considered a service?

A. Managing a team B. Cutting hair C. Selling groceries D. All of these

Business