One of the purposes of the qualified business income deduction is to reduce the taxes on businesses that are operating in noncorporate business forms (e.g., sole proprietors, partnerships, and S corporations).
Answer the following statement true (T) or false (F)
True
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A company receives $200, of which $8 is for sales tax and $12 is for excise tax. The journal entry to record the sale is:
A) Cash 180Sales 180 B) Excise Tax Expense 12Sales Tax Expense 8Cash 180Sales 200 C) Sales 200Cash 200 D) Cash 200Sales Tax Payable 8Excise Tax Payable 12Sales 180
Ethics is ______.
A. a 20th-century phenomenon B. the result of political scandal C. a cost of doing business D. the result of the culture, education, and philosophy of management
Which of the following refers to the trend of media organizations shifting toward a multiple-format approach to producing and distributing content?
A) media convergence B) media acquisitions C) media connectors D) mediated communication E) media gatekeeping
The ________ rule states that acceptance is effective when it is dispatched, even if it is lost in transmission.
A. silence-as-acceptance B. mirror image C. mailbox D. mutual assent