Minors are generally liable for their torts
Indicate whether the statement is true or false
T
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An advantage of FIFO is that it assigns the most recent costs to cost of goods sold, and does a better job of matching current costs with revenues on the income statement.
Answer the following statement true (T) or false (F)
Rocky Corporation, an S corporation, reports the following results for the current year:Ordinary income$70,000Long-term capital gain20,000Municipal bond interest income10,000Domestic corporate dividends6,000Charitable contributions16,000Rocky's AAA and accumulated E&P balances at the beginning of the year are $80,000 and $50,000, respectively. Rocky makes a $100,000 cash distribution to its sole shareholder on June 1 and a second $100,000 cash distribution on December 1. The shareholder's basis for Rocky stock on January 1 was $120,000. Discuss the tax consequences of these transactions.
What will be an ideal response?
With the use of data mining, it is no longer a common business practice to fire an unprofitable customer.
Answer the following statement true (T) or false (F)
_____ refers to the degree to which work activities are organized around teams, rather than individuals
Fill in the blank(s) with correct word