There is no limit to the amount of income subject to the Medicare tax

Indicate whether the statement is true or false


T

Business

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The investing activities section of the statement of cash flows includes the purchasing and selling of long-term assets, investing in the debt and equity securities of other businesses, making loans, and collecting the principal on loans

a. True b. False Indicate whether the statement is true or false

Business

Depreciation expense will be recorded in the accounts of the

A) lessee for operating leases. B) lessor for operating leases. C) lessor for direct financing leases. D) lessor for sales-type leases.

Business

When firms look for new users in groups that have never used the product before, the firm is using the ________ strategy

A) new-market segment B) market-penetration C) geographical-expansion D) product development E) diversification

Business

If the carrying value of goodwill is less than its fair value, an impairment loss must be recorded

Indicate whether the statement is true or false

Business