Jason sells stock with an adjusted basis of $66,000 to JJ Inc., his 60% owned corporation, for its fair market value of $60,000. JJ Inc. sells the stock three years later for $67,000. JJ Inc.'s recognized gain or loss on the sale will be
A) $0.
B) ($3,000).
C) $1,000.
D) $4,000.
C) $1,000.
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As a starting point, firms that comply with Western cost-accounting principles typically use the pricing method known as:
A) price bundling. B) target costing. C) cost-plus pricing. D) export price costing. E) full absorption cost.
Downloading a music track owned by a record company without paying for it is an example of a violation of:
A. patent law. B. copyright law. C. trademark law. D. privacy law.
Answer the following statements true (T) or false (F)
1.Many managers feel too secure to stir up conflict among their subordinates. 2.Conflict can be extremely beneficial to the workplace. 3.Issues that are worth conflict connect people with a sense of purpose beyond self-interest. 4.Until the 1940s, the role of the manager was to eliminate conflict in the workplace, usually by punishing the perceived initiators.
Moe, an electrical contractor, authorized Larry to make contracts with new customers on his
behalf. Larry entered into a contract with Curly but did not advise Curly that he was acting on behalf of Moe. If Moe refuses to honour the contract, which of the following statements is TRUE? A) Curly cannot sue either Larry or Moe B) Curly can elect to sue either Moe or Larry C) None of the above D) Curly can only sue Moe E) Curly can only sue Larry