Expectancy theory argues that people answer questions about whether they will be rewarded
a. in all or nothing terms
b. in overly optimistic ways
c. in overly pessimistic ways
d. with probability estimates
d. with probability estimates
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An S corporation distributes land with a basis of $60,000 and a FMV of $90,000 to its shareholder. The tax results of the distribution will be
A. $30,000 of gain recognized by the S corporation which is passed through to the shareholder. B. $30,000 of gain recognized by the S corporation and no pass-through to the shareholder. C. no gain recognized by the corporation but $30,000 of gain recognized by the shareholder. D. no gain to the corporation or to the shareholder.
Which of the following questions are addressed by an effective sales presentation?
A. What is the value-added of the product? B. What is the sales turnover ratio of the organization? C. What is the shareholding pattern of the board of directors of the organization? D. What is the estimated growth in sales of a product in the next quarter? E. What are the marketing strategies adopted by the company to ensure its sales?
A corporation incorporated in Delaware but doing business in Alaska is a:
A) Foreign corporation. B) Alien corporation. C) Domestic corporation. D) Cold corporation.
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Assume that Frank Company uses a perpetual inventory system.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) Wetzel Company recorded a cash discount on goods recently purchased on account.AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash Flows???????
What will be an ideal response?