The ________ measures the amount of variation in the dependent variable about its mean that is explained by the regression line
Fill in the blanks with correct word
sample coefficient of determination, r-squared
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Reggie owns all the stock of Amethyst, Inc. (adjusted basis of $100,000). If he receives a distribution from Amethyst of $90,000 and corporate earnings and profits are $15,000, Reggie has a capital gain of $5,000 and an adjusted basis for his Amethyst stock of $0.
Answer the following statement true (T) or false (F)
A corporation is subject to a federal flat income tax rate of 34 percent
Indicate whether the statement is true or false
The reporting format of financial accounting information is based on generally accepted accounting principles
Indicate whether the statement is true or false
As part of a stock offering for Designer Studio Corporation, the firm'saccountant Evelyn intention¬ally misrepresents material facts in the pro-spectus. Flores buys the stock unaware of the misrepresentation and suf¬fers a loss. Evelyn may be subject to
a. a fine and damages only. b. a fine and imprisonment only. c. a fine, imprisonment, and damages. d. damages only.