In most federal court of appeals cases, three judges hear the appeals
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements concerning partnerships is false?
A. A general partner's basis in a partnership includes his share of partnership debt. B. Limited partnerships must have at least one general partner. C. A properly-drafted partnership agreement is crucial. D. A partner is taxed annually on only that portion of a partnership's taxable income that is actually distributed.
Adam Corporation owns 1,000 shares of common stock of Rosen, Inc, a large publicly traded company listed on a major stock exchange. If Rosen issues a 20 percent stock dividend when the par value is $10 per share and the market value is $70 per share, how much and what type of income should Adam report?
a. $0 b. $2,000 ordinary income c. $14,000 ordinary income d. $2,000 ordinary income and $12,000 extraordinary income
The minimum potential transfer price is determined by
a. Incremental costs in the selling division plus the oppurtunity cost of the facilities used. b. negotiations between the buying and selling divisions. c. the lowest outside price for the item. d. the extent of idle capacity in the buying division.
Which of the following is FALSE concerning effective team presentations?
a. During a team presentation, everyone on the team should take part. b. Teams members should plan seamless transitions between segments and presenters. c. Only one individual should be designated to answer questions from the audience. d. Team members must agree on the purpose and schedule.