Ralph was injured at the service station where he worked because he did not wear required safety equipment. Is he entitled to workers' compensation benefits?
Yes. A worker injured on the job is entitled to workers' compensation benefits regardless of fault.
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The expense incurred by issuing stock options should be
a. classified as a financing activity. b. added back to net income in the operating activities section. c. subtracted from net income in the operating activities section. d. does not appear in the statement of cash flows.
What extension should be used to name HTML files?
(a) .html (b) .zip (c) .bat (d) none of the above.
In determining accumulated taxable income for the purpose of the accumulated earnings tax, which one of the following is allowed as a deduction?
A) excess charitable contributions B) dividends-received deduction C) net operating loss deduction D) net capital loss for the current year
Morgan Corporation determined that $2,000,000 of the research credit on its current-year tax return was uncertain, but that it was more likely than not to be sustained on audit. Management made the following assessment of the company's potential tax benefit from the credit and its probability of occurring.Potential Estimated Benefit (000s)Individual Probability of Occurring (%)Cumulative Probability of Occurring$2,000,00020201,500,00035551,000,0003085015100Under ASC 740, what amount of the tax benefit related to the research credit can Morgan recognize in calculating its income tax provision in the current year?
What will be an ideal response?