Which of the following questions should an entrepreneur ask when a business plan is turned down?
a. Can't you recognize a good plan when you see one?
b. Can you identify friends who would like this kind of deal?
c. If you were in my position, how would you proceed?
d. Can I ask you why you didn’t like me?
ANSWER: c
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St. Clair Company reports positive current E&P of $500,000 in 20X3 and positive accumulated E&P at the beginning of the year of $400,000. St. Clair Company distributed $600,000 to its sole shareholder, Danielle Brush, on December 31, 20X3. Danielle's tax basis in her St. Clair stock is $120,000. How much of the $600,000 distribution is treated as a dividend to Danielle, and what is her basis in St. Clair stock after the distribution?
What will be an ideal response?
Describe the accounting for direct costs, indirect costs, and issuance costs under the acquisition method of accounting for a business combination.
What will be an ideal response?
The law of _____ says that most activities yield less value as the amount of consumption increases
Fill in the blank(s) with correct word
A dirty float refers to a situation in which _____.
A. a set of currencies are fixed against each other at some mutually agreed on exchange rate B. many countries join hands to form a monetary system and an exchange rate C. more than one foreign currency is used as the formal reference for a country's currency D. a country tries to hold its currency against an important reference currency without a formal pegged rate