The rapid evolution of corporate inversions for U.S.-based multinationals over the past 20 years has been attributed to all of the following EXCEPT:
A) lack of foreign tax credits
B) relatively high U.S. corporate tax rate
C) U.S. lack of global competitiveness
D) the worldwide tax principles
Answer: A
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Damien buys a copy of the book Exchange. Later, after reading the book, Damien sells it to his sister. Under the first sale doctrine, Damien's sale of the book is
a. legal. b. legal only if the copyright has expired. c. legal only if Damien sells it for less than he paid for it. d. illegal.
When a credit card is used for payment, the merchant pays a ________ of up to 3 percent of the item's purchase price
Fill in the blank(s) with correct word
Siera, Lani, and Cecilia are partners in an equipment leasing business that has not been able to generate the type of revenue expected by the partners. They share profits and losses in a ratio of 5:3:2, respectively. They have decided to liquidate the business and have sold all the assets except for one piece of heavy machinery. All the partners are personally insolvent. The machinery has a book value of $90,000, and the partners have capital balances as follows: Siera, Capital$40,000 Lani, Capital$20,000 Cecilia, Capital$30,000 Each of the following is an independent case.Refer to the information given above. What amount of cash will each partner receive as a liquidating distribution if the machinery is sold for
$14,000? SieraLaniCeciliaA.$2,000 $2,800 $14,800 B.$2,000 $0 $14,000 C.$0 $0 $14,000 D.$0 $0 $16,000 A. Option A B. Option B C. Option C D. Option D
The facilitation and support approach to overcoming resistance to change should be used when
A. people are resisting because of adjustment problems. B. the initiators do not have all the information they need to make the change. C. speed is essential and the initiators have considerable power. D. someone will clearly lose out in the change, and that person has considerable power to resist. E. there is a lack of information.