For few companies, the package itself has become an important promotional medium
Indicate whether the statement is true or false
FALSE
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Which of the following statements is correct?
a. Retained earnings are translated at the average exchange rate for the year. b. Capital stock of a foreign subsidiary is translated at the historical rate, that is, the rate prevailing on the date the subsidiary was acquired. c. Dividends are translated at the average exchange rate for the year. d. Assets and liabilities are translated at the historical rate prevailing when the subsidiary was acquired.
Karin is a new hire at her company and is told the company has a stock option plan. Which of the following is likely TRUE of her options?
a. She is now fully vested. b. After ten years, her right to purchase shares through the stock option program will increase. c. She can purchase as many shares as she wants through the program. d. Her newly hired supervisor will have the right to purchase more stock options than she will.
Natasha Talbott was interested in a new set of golf clubs. She discussed the various types with some knowledgeable friends and relied on their advice. Natasha's friends were acting as
A. a lifestyle group. B. a social class. C. an economic influence. D. routinized decision-makers. E. a reference group.
Firm F purchased a commercial office building for business use in 2008 for $965,000. This year, the firm sold the building for $1 million. Accumulated MACRS depreciation through date of sale was $275,000. Which of the following statements is true?
A. If Firm F is a noncorporate taxpayer, it recognizes $310,000 Section 1231 gain. B. If Firm F is a corporation, it recognizes $55,000 ordinary income and $255,000 Section 1231 gain. C. Both if Firm F is a corporation, it recognizes $55,000 ordinary income and $255,000 Section 1231 gain and if Firm F is a noncorporate taxpayer, it recognizes $310,000 Section 1231 gain are true. D. If Firm F is a corporation, it recognizes $62,000 ordinary income and $248,000 Section 1231 gain.