Bruno is a businessperson with investments in legal and illegal operations. Bruno may be subject to penalties under RICO
a. for making an unprofitable, but legal, investment.
b. for the commission of any business fraud.
c. only in a case involving a "racket.".
d. only in a case involving organized crime.
b
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For a sale-leaseback transaction for which the lease qualifies as a capital lease, the seller-lessee should account for any gain on the sale of the asset as a gain to be
A) to be recognized immediately. B) to be deferred and amortized in proportion to the lease payments over the lease term. C) to be deferred and amortized in proportion to the amortization of the leased asset. D) to be recorded directly as an increase to Retained Earnings.
A transaction is ________ while __________ is __________.
a. A cost/value/an asset b. An event/strategy/a sound plan c. A cost/strategy/long-term d. An event/strategy/a process
For many years, General Electric had a corporate strategy of being among the top three firms in any market in which it operated; if it could not achieve a top-three position, it would exit the market. This strategy often resulted in the company ________ when certain product lines failed to meet this expectation.
A. increasing product mix breadth B. decreasing product mix breadth C. decreasing product line depth D. introducing brand extensions E. increasing product line depth
Cleo sells kitchen appliances to persons who come into her store, Buy n' Sell Appliances. One afternoon, Cleo sells a used display shelf to Earline. At a garage sale at her home, Cleo sells a used sofa to Flavia. Under the UCC, Cleo is a merchant of
A. kitchen appliances only. B. kitchen appliances and display shelves only. C. kitchen appliances, display shelves, and sofas. D. none of the choices.