Under the Golsen rule, the Tax Court must:

a. compute the tax liability due the government
b. reach the same decision in each region of the county
c. follow the Court of Appeals that has direct jurisdiction over the taxpayer
d. none of these are correct


c

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Every adjusting entry affects an income statement account and a balance sheet account

Indicate whether the statement is true or false

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Richard writes a letter to Sarah authorizing her to sell his car and sends a copy of the letter to Timothy, a prospective purchaser. The next day, Richard sends a letter to Sarah revoking her authority, but he fails to notify Timothy. Sarah:

a. has actual authority to sell the car to Timothy. b. has implied authority to sell the car to Timothy. c. has apparent authority with respect to Timothy to sell the car. d. is empowered under the doctrine of respondeat superior to negotiate the contract.

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The Americans with Disabilities Act (ADA) resulted in which of the following?

A) Better employment opportunities for disabled Americans B) An increase in costs for employers C) An increase in litigation D) All of the above

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A laptop computer is a personal computer that fits on a desk but is too large to carry easily from place to

place. Indicate whether the statement is true or false

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