Email and memos differ from letters in that they are:
a. written to employees within a company.
b. less formal in tone and formatting.
c. subject to less grammatical scrutiny.
d. more formal in tone.
b
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Debra wanted to form a partnership with Lawrence. He agreed and they became co-owners in an equal partnership. This year, after expenses, the partnership had a profit of $200,000. How will the taxation of this profit be handled?
A) Since the partnership was Debra's idea, she will pay income tax on the profit on her personal tax return. B) The business will pay half of the tax liability and Debra and Lawrence will pay the other half. C) Debra and Lawrence must both pay tax on the business's profit. D) The business itself will pay the taxes on the business's profit.
Which of the following has introduced a tool known as Consumer Alerts to inform readers when a review is likely to be fraudulent?
A) Yelp B) TripAdvisor C) Angie's List D) TripExpert
Since 1990, __________ new citizens’ groups have been established worldwide, and small single-issue groups with Internet access have become powerful enough to take on large corporations.
a. over 500,000 b. around 1,000,000 c. over 100,000 d. around 50,000
In which case will the journal entries relating to inventory differ based on the chosen costing method?
A) When inventory is purchased on account. B) When inventory is purchased for cash. C) When inventory is sold - the revenue entry will differ. D) When inventory is sold - the inventory entry will differ.