If a 13-year-old has earned income of $500 and interest and dividends of $2,500, all of the income can be reported on the parent's return.

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


False

To be eligible, the child's income must come solely from interest and dividends.

Business

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According to Michael Porter, the buyers in an industry enjoy bargaining power when ________

A) they are planning to integrate horizontally B) they purchase in large quantities from supplier firms C) supplier products represent a small portion of the buyers' costs D) the supplier's products are highly differentiated

Business

Morgan Company issues 9%, 20-year bonds with a par value of $700,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is.

A. $63,000. B. $28,000. C. $350,000. D. $31,500. E. $56,000.

Business

Above-average earnings is often the basis for the calculation of goodwill

Indicate whether the statement is true or false

Business

Process costing is used in companies that

a. engage in road and bridge construction. b. produce sailboats made to customer specifications. c. produce bricks for sale to the public. d. construct houses according to customer plans.

Business