The Internet can help you research neighborhoods and find a community in which you'd like to live
Indicate whether this statement is true or false.
Answer: TRUE
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Which of these acts is the oldest?
A) Pregnancy Discrimination Act B) Family and Medical Leave Act C) Glass Ceiling Act D) Americans with Disabilities Act
A firm purchased an asset with a 5-year life for $90,000, and it cost $10,000 for shipping and installation. According to the current tax laws the cost basis of the asset at time of purchase is
A) $100,000. B) $95,000. C) $80,000. D) $70,000.
Amortization of any net gain or loss is included in pension expense of a given year if at the
A. end of the year, the cumulative net gain or loss exceeds 10% of the greater of the actual projected benefit obligation or the fair value of the plan assets. B. beginning of the year, the cumulative net gain or loss exceeds 10% of the greater of the actual accumulated benefit obligation or the fair value of the plan assets. C. end of the year, the cumulative gain or loss exceeds 10% of the greater of the actual accumulated benefit obligation or the fair value of the plan assets. D. beginning of the year, the cumulative gain or loss exceeds 10% of the greater of the actual projected benefit obligation or the fair value of the plan assets.
[Health Food] Josh and Merida are partners and owners of J&M Health Food Store. Carson, who is a registered dietician, works for J&M on and off as a consultant, as he is very knowledgeable about the health benefits of natural herbs. Carson travels to conventions around the country and tests new products and often relays information about the new products to J&M. At a convention last month, Carson met Monte, a vitamin producer, who stated that he was glad to meet one of J&M's partners. Carson replied that the new Fresh product line was exactly what J&M needed and placed a significant order for J&M. When the Fresh product was delivered, J&M had closed the store for remodeling, and the product spoiled.Assume Carson pays the damages suffered by Monte. Carson then asks J&M for a share of J&M's
profits, which J&M refuses. Is J&M justified in denying Carson any share of the profits? A. Yes, even though Carson paid the debt, Carson is not a partner of J&M and is not entitled to profits. B. No, even though Carson is not considered a partner of J&M, he is entitled to a share of the profits up to the amount of damages paid to Monte and any reasonable expenses. C. No, even though Carson is not considered a partner of J&M, he is entitled to a share of the profits up to the amount of damages paid to Monte. D. No, Carson is now considered a partner of J&M and is entitled to a share of the profits. E. Yes, even though Carson is considered a partner, he is not entitled to a share of the profits because he failed to seek approval of his partners for the deal.