Which of the following statements concerning tax preferences is true?
A. Tax preferences make the tax law more neutral across taxpayers.
B. The annual revenue loss from federal tax preferences is quantified in the Tax Expenditures Budget.
C. Tax preferences simplify the tax law.
D. Tax preferences increase the fairness of the tax law.
Answer: B
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Which is the most challenging kind of supply chain to manage according to Hau Lee?
A. Agile supply chain B. Erratic supply chain C. Efficient supply chain D. Responsive supply chain E. Risk-hedging supply chain
Trey, Inc. is studying marketing cost and sales volume, and has generated the following information by use of a scatter diagram and a least-squares regression analysis: Scatter Diagram Regression AnalysisVariable cost per unit sold$6.50 $6.80 Total monthly fixed cost$45,000 $42,500 Trey is now preparing an estimate for monthly sales of 18,000 units. On the basis of the data presented, compute the most accurate sales forecast possible.
A. $164,900. B. $167,400. C. $162,000. D. $159,500. E. None of the answers is correct.
In a small power distance culture
A. people will want direction, so top-down leadership styles are appropriate. B. relatives will be welcomed into the workforce. C. seniority, rank, and title are important. D. first names are likely to be used in the office because the ideal is equality.
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is not true?
a. Under the capital, or finance, lease method, the lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable. b. Under the capital, or finance, lease method, the lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. c. Under the capital, or finance, lease method, the lessor amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. Under the capital, or finance, lease method, the lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. e. The capital, or finance, lease method, treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale.