____ web sites enable customers to have "live" contact with analysts or other customers.

A. Real-time
B. Passive
C. Active
D. Interactive


Answer: A

Business

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On May 1, the Chris Company borrowed $30,000 from the Third Street Bank on a 1-year, 6% note. If the company keeps its records on a calendar year, an entry is needed on December 31 to increase

a. Interest Expense, $600. b. Interest Expense, $1,800. c. Interest Payable, $900. d. Interest Payable, $1,200.

Business

A sunk cost is never relevant

Indicate whether the statement is true or false

Business

A trust that can be changed by the grantor at any time is known as a revocable trust

Indicate whether the statement is true or false.

Business

AB Inc. received a dividend from CD Corporation and is able to claim a dividends received deduction without limitation. AB owns 10 percent of CD. What is AB's marginal tax rate (to the nearest tenth of a percent) on the dividends received (after taking the DRD into account)?

What will be an ideal response?

Business