How did Siemens accomplish its long history of paying bribes to government officials in exchange for obtaining contracts from those governments?
a. It used business consulting arrangements in all of the countries
b. Siemens was not involved in any bribery activities but it was found to have been involved in useful expenditures
c. Siemens is not subject to the FCPA because it is a German company
d. Siemens used NGOs to funnel the money into the various countries
.A
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The August 31 bank statement of Mervin Inc showed a balance of $113,000 . Deducted in arriving at this amount was a customer's NSF check for $2,400 that had been returned. Mervin had received no prior notice concerning this check. In addition to the bank statement, other records showed there were deposits in transit totaling $17,200 and that outstanding checks totaled $10,800 . What is the cash
balance per books at August 31 (prior to adjustments)? a. $121,800 b. $119,400 c. $117,000 d. $115,400
A president trying to gain support for an assault on terrorism would likely use an ________ appeal
A) economic B) efficient C) emotional D) evidential
Sociocultural forces in international markets keep marketers busy trying to understand local preferences, tastes, customs, and idioms. The marketer's failure to understand these forces almost certainly leads to failures in the marketing strategies used. Which one of the following statements about the sociocultural forces in international markets is true?
A. Cultural differences do not affect marketing negotiations and decision-making behavior. B. Buyers' perceptions of other countries do not influence product adoption and use. C. Cultural differences do not have significant effects on marketing activities. D. Transferring marketing logos, trademarks, and symbols is usually an easy process when entering international markets. E. Product acceptance in an international market is more likely if similarities exist between buyer and seller cultures.
Sean, Penelope, and Juan formed the SPJ partnership by each contributing assets with a basis and fair market value of $200,000. In the following year, Penelope sold her one-third interest to Pedro for $225,000. At the time of the sale, the SPJ partnership had the following balance sheet:BasisFMVCash$200,000$200,000Land$400,000$475,000$600,000$675,000Shortly after Pedro became a partner, SPJ sold the land for $475,000. What are the tax consequences of the sale to Pedro and the partnership (1) assuming there is no Section 754 election in place, and (2) assuming the partnership has a valid Section 754 election?
What will be an ideal response?