Consumer Finance Corporation (CFC) extends credit to consumers. CFC is subject to the Equal Credit Opportunity Act, which prohibits credit dis-crimination based on
a. intelligence.
b. education.
c. income.
d. race.
d
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At December 31, 2018, the Floyd Company reported a $29,600 deferred tax asset pertaining to a $80,000 temporary difference which will reverse equally during the next four years; Floyd also reported a $7,400 deferred tax liability pertaining to a $20,000 temporary difference which will reverse during 2019. After determining the deferred tax asset and liability on December 31, 2018, Floyd's management was informed that the income tax rate for years subsequent to 2018 had been changed to 35%. As a result of the tax rate change, Floyd's 2018 income tax expense will:
A. decrease $444. B. decrease $1,200. C. increase $444. D. increase $1,200.
Although optional, a reversing entry is usually made for adjusting entries that accrue expenses to be paid in the next accounting period
Indicate whether the statement is true or false
Explain with an example how total quality management (TQM) impacts manufacturing.
What will be an ideal response?
After the death of Horace, the remaining two joint tenants of the luxury restaurant Rendezvous became the owners of Horace's interest in the property automatically. This feature of their concurrent ownership is called ________
A) quiet title action B) adverse possession C) nonconforming use D) right of survivorship