Which of the following is a trade block created between Canada, Mexico, and the United States?
A) NAFTA
B) SCCM
C) CIS
D) APEC
A
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Stock profitability is often measured by:
A. book value. B. return on equity. C. market value. D. net profit margin. E. beta.
Which of the following is true about market nichers?
A) They are market followers in small markets. B) They tend to have high manufacturing costs. C) Their return on investment exceeds that in larger markets. D) A nicher achieves high volume as against a mass marketer that achieves high margin. E) They usually experience long-term losses.
Collaborative work increases communication and coordination among participants.
Answer the following statement true (T) or false (F)
Thirty years ago, Prescott Inc. realized a $16,200 gain on the exchange of an old building for a new building. Prescott included the gain in book income, but the exchange was nontaxable. This year, Prescott sold the new building for $250,000. At date of sale, the new building's book basis and tax basis had both been depreciated to zero. Which of the following statements is true?
A. The nontaxable exchange had no effect on Prescott's deferred tax accounts. B. The sale of the new building had no effect on Prescott's deferred tax accounts. C. The nontaxable exchange resulted in a deferred tax asset. D. None of the above is true.