Which of the following statements is false?
A) Under the cash method, prepaid income such as rent is usually taxed when received rather than when earned.
B) Municipal bond interest is taxable.
C) Alimony received by the taxpayer under a 2018 divorce agreement is taxable.
D) Income earned by selling goods on the Internet is taxable.
B) Municipal bond interest is taxable.
Interest on obligations of states, territories, U.S. possessions and their political subdivisions is tax-exempt.
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Companies are increasingly reducing the number of suppliers they utilize, and there is a trend toward single sourcing
Indicate whether the statement is true or false
On a cost of quality report, appraisal costs:
a. include the cost of quality circles where employees meet to discuss how they can improve processes. b. are incurred to determine the value of a damaged product. c. are incurred to identify which products do not conform to specification before they are shipped. d. include the cost to correct defective units before they are shipped.
Gloria Catering provided $1,000 of catering services and billed its client for the amount owed. Determine the general journal entry that Gloria Catering will make to record this transaction.
A.
| Accounts Receivable | 1,000 | |
| Unearned Catering Revenue | 1,000 |
B.
| Unearned Catering Revenue | 1,000 | |
| Catering Revenue | 1,000 |
C.
| Catering Revenue | 1,000 | |
| Accounts Receivable | 1,000 |
D.
| Accounts Receivable | 1,000 | |
| Catering Revenue | 1,000 |
E.
| Accounts Payable | 1,000 | |
| Catering Revenue | 1,000 |
You receive a report that 68 percent of your target market has been exposed to your ad campaign during a given period of time. Which of the following aspects of media selection is represented by this information?
A) frequency B) reach C) impact D) engagement E) qualitative value