According to the IRS's LIFO conformity rule, a company that chooses LIFO to report net income to its shareholders may not use LIFO in preparing its income tax return
a. True
b. False
Indicate whether the statement is true or false
False
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Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Company's entry would include a
a. credit to cash for $9,000 b. debit to the investment account for $9,000 c. credit to the investment account for $9,000 d. credit to a loss account for $9,000
Which of the following describes the major difference between teams and groups?
a. Members of teams generally have a higher commitment to the overall goal than do members of groups. b. Teams are usually smaller than groups. c. Teams do not require leaders, while groups do. d. Teams exist indefinitely while groups exist for a limited period of time.
The United Auto Workers represents all workers at a large auto parts manufacturing company. Included in the bargaining unit are welders, electricians, factory line workers, and workers who load and unload stock. This model of unionism is best described as:
A. Business unionism. B. Industrial unionism. C. Job control unionism. D. Craft unionism.
All of the following are the result of an optimal level of stress except:
A. Sharp perception B. Calmness C. Indecisiveness D. High motivation