Which of the following items may be subject to the self-employment tax?
a. A partner's distributive share of partnership income
b. Dividend income
c. Capital gains
d. Interest income
e. None of the above
a
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A bond liability can be extinguished so that the issuing company is legally released from being the primary obligor of the liability. This process is referred to as
A) ?early retirement. B) ?bond guarantee. C) ?defeasance. D) ?debt restructuring.
Answer the following statements true (T) or false (F)
1. Job satisfaction is usually higher in nonunionized settings than in unionized settings, after one accounts for differences in working conditions and workplace climate. 2. Productivity is higher in nonunionized companies than it is in unionized companies. 3. The traditional approach to dispute resolution in nonunionized settings has been a modified grievance procedure ending in arbitration by a peer review panel. 4. An ombudsperson is a neutral person, employed by the company, who may investigate disputes but who is primarily concerned with helping management and the employee resolve their differences.
LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days. Midstates Utility signs and dates the draft.? Refer to Fact Pattern 23-2. This instrument is? A) a banker's acceptance
B) a nonnegotiable instrument. C) apromissory note. D) a trade acceptance.
Marketable securities are only those security investments the firm can convert into cash balances
within one year. Indicate whether the statement is true or false