MERCOSUR is a regional market zone in ________.

A. North America
B. South America
C. Africa
D. The Mideast
E. Asia


Answer: B

Business

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If a company is using its own data list generated by its database, it is important to parse the list to separate active customers from inactive customers so different mailers can be sent to each group

Indicate whether the statement is true or false

Business

U.S. GAAP and IFRS require firms to account for minority, active investments, using the _____ method

a. cost b. equity c. fair market value d. consolidation e. lower of cost or market

Business

All restrictive endorsements prevent the further transfer or negotiation of a bill or note

Indicate whether the statement is true or false

Business

GH&F is a calendar year, accrual basis taxpayer. In October 2019, GH&F received a $18,000 cash payment from a tenant who leases space in a commercial office building that GH&F owns. The payment was rent for the 18-month period beginning on November 1, 2019. As a result of the payment, GH&F should report:

A. $18,000 book income and taxable income B. $2,000 book income and $18,000 taxable income C. $2,000 book income and taxable income D. None of the above

Business