What methods do businesses use to obtain minority-owned business status?
a. Hold ownerships with a silent minority partner
b. Relocate in order to have minority employees
c. Use a name that carries minority connotations
d. All of the above
.D
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The basic mechanics of the alert process include registering an alert name, setting up when an alert should signal, and enabling the appropriate users to receive the alert.
Answer the following statement true (T) or false (F)
Which of the following measures excludes non-cash charges against income?
A) operating expenses B) EBIT C) net income before taxes D) EBITDA
Lance transferred land having a $180,000 FMV and a $105,000 adjusted basis, which is subject to a $150,000 mortgage in exchange for a one-third interest in the Trois Partnership. Lance acquired the land in 2010. The partnership owes no other liabilities. Lance, Rhonda, and Zach share profits and losses equally and each has a one-third interest in partnership capital. The tax effect to Lance is
A) no gain or loss recognized. B) recognized gain of $45,000 on the transfer. C) recognized gain of $75,000 on the transfer. D) recognized loss of $45,000 on the transfer.
Assume you borrow $6,600 for three years. How much will you still owe after the three years if you pay all of the payments as set forth in the loan's amortization schedule?
A) $6,500 B) $0 C) $2,200 D) $3,150 E) $2,650