Which of the following statements is most accurate regarding the opening in a cover message for an unsolicited job?
A) If you are unsure whether a position exists, use a more persuasive opening.
B) Avoid mentioning the company by name so that you can send your cover letter to numerous companies.
C) Make cover letters for unsolicited jobs longer than those for solicited jobs because you will have to provide more information about yourself.
D) Be vague about the type of position you're seeking so that you might be considered for a variety of jobs.
A
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A company may invest in debt or equity securities of other companies to ________
A) further enhance a business relationship with a key vendor B) invest borrowed money in an effort to improve the company's net income C) to weaken the investing company's supply chain source D) to allow the company to use investment income to increase its annual dividend
The final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance on the project, but also with regard to:
A) Imagined performance on the project. B) Planned performance on the project. C) Team-building and staffing policies. D) Their progression through the stages of group development.
On April 1, Otisco, Inc. paid Garcia Publishing Company $1,548 for 36-month subscriptions to several different magazines. Otisco debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately. What adjusting entry should be made by Otisco, Inc. for the adjustment on December 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustments had been made?
A. Debit Subscription Expense $387 and credit Cash $387. B. Debit Subscription Expense $516 and credit Prepaid Subscriptions $516. C. Debit Subscription Expense $387 and credit Prepaid Subscriptions $387. D. Debit Unearned Subscriptions $387 and credit Subscription Expense $387. E. Debit Prepaid Subscriptions $516 and credit Subscription Expense $516.
Chip and Dale are each 50% owners of Tree Corporation, a holding company. They have each held their stock since the company was formed five years ago. Tree's money is invested almost entirely in stocks, bonds, rental real estate, and land. All of the stocks are traded on the New York Stock Exchange except for 1,000 shares of Conifer Corporation stock. Conifer is privately held by 50 individuals.
Last year, Conifer reported about $2 million in net income. During a meeting with Chip and Dale, you discover that they plan to liquidate Tree Corporation as soon as possible to avoid the personal holding company tax. What tax issues should Chip and Dale consider with respect to this liquidation? What will be an ideal response?