The cost of self-employed health insurance premiums are deductible above-the line at a rate of 80% of the cost.

Answer the following statement true (T) or false (F)


False

Self-employed health insurance premiums are deductible up to 100%, subject to some limitations.

Business

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The motivating potential score (MPS) is calculated as part of using

A. reinforcement theory. B. McClelland's acquired needs theory. C. equity theory. D. goal-setting theory. E. the job characteristics model.

Business

Under current GAAP, volatility in asset returns translates directly into net income volatility because the actual return on plan assets reduces pension expense.

Answer the following statement true (T) or false (F)

Business

On December 31, 2013, Manny Ltd. owes Stew Corp $50,000 on a 10% note payable. Two years of interest is also unpaid and due. Manny cannot pay off the debt. Stew agrees to reduce the principal amount to $30,000, forgive the accrued interest owed, extend the due date to December 31, 2016, and reduce the interest rate to 5% per year for the extended period. What amount of gain on restructuring

should Manny record? A) $25,500 B) $21,000 C) $20,000 D) $11,000

Business

A brand that is seen as prototypical of a product category is easy to extend outside the category

Indicate whether the statement is true or false

Business