Companies are implementing open information systems that can be linked to other systems owned by business partners such as suppliers and clients.
Answer the following statement true (T) or false (F)
True
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Which of the following is/are the feature(s) of the income tax formula for individual taxpayers? I.This dichotomy of deductions results in an intermediate income number called adjusted gross income (AGI).II.One class of deductions is called exclusions from income.III.One class of deductions is called deductions for adjusted gross income.IV.Expenses qualifying as deductions for adjusted gross income are not limited by the income of the taxpayer.?
A. Statements III and IV are correct. B. Statements II and III are correct. C. Statements I, III, and IV are correct. D. Only statement IV is correct. E. Statements I, II, III, and IV are correct.
Which of the following is true about crimes?
A) Torts always accompany crimes, although the civil case is often not brought. B) Criminal liability exists only if there is a victim who suffered damages. C) A criminal defendant will be found guilty whenever the jury believes it is more likely than not that the defendant committed the crime. D) Criminal law is based on an act done by an individual that violates a duty owed to society and for the breach of which the law will impose punishment.
One of the potential drawbacks of a trait-oriented performance appraisal is that traits can be biased and subjective.
Answer the following statement true (T) or false (F)
The AB, BC, and CD Partnerships merge into the ABCD Partnership. AB (owned by Austin and Ben) contributes assets worth $100,000. BC (owned by Ben and Charlie) contributes assets worth $200,000. CD (owned by Charlie and Dennis) contributes assets worth $300,000. The capital and profits interest in ABCD is owned by: Austin, 10%; Ben, 30%; Charlie, 25%; and Dennis, 35%. ABCD Partnership is a continuation of
A. CD. B. BC. C. AB. D. none of the partnerships.