Business firms encounter legal ________ in the form of laws or court decisions and in the advice they receive from people with formal legal training
A) deductions
B) inductions
C) reductions
D) conclusions
D
You might also like to view...
Define and contrast digital certificate and digital signature
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,330,000. Harding paid $315,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $333,000; Building, $990,000 and Equipment, $657,000. (Round percentages to two decimal places: ie .054 = 5%).Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment will produce 1,040,000 units over its 5-year useful life and has a salvage value of $17,000. Harding produced 269,000 units with the equipment by the end of the first year of purchase. Which amount below is closest to the amount Harding will record for depreciation expense for the
equipment in the first year? A. $88,460 B. $109,126 C. $165,538.462 D. $169,936
Angela is determining the media plan for her tax accounting business. She is currently selecting an advertising medium and is looking for a medium that is not expensive, allows for a short lead time, has large reach, and provides frequent communication. Based on these, Angela should avoid
A. direct mail. B. television. C. radio. D. outdoor advertising. E. magazines.
A limited partnership provides limited liability to:
A) all general partners. B) only limited partners responsible for day-to-day management of the firm's operations. C) only to limited partners who do not participate in the management of the business. D) all partners.