If parents claim a child as an exemption on their tax return, the child on his or her tax return
A)
may take an additional exemption, regardless of how much the child has earned.
B)
may take an additional exemption, only if the child has earned less than a specified amount.
C)
may not claim an additional exemption.
D)
may only claim an additional exemption if he or she is under age 16.
C
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When shares of stock held as an investment are sold, the difference between the proceeds and the carrying amount of the investment is recorded as a(n)
a. prior period adjustment b. operating income and losses c. paid-in capital addition d. gain or loss
Which of the following is true regarding the U.S. economic environment of labor relations since 1960?
A. Economic upturns are associated with concession bargaining. B. Globalization has decreased. C. Real wages for high school graduates has been stagnant since the 1970s. D. the earnings gap between high school graduates and college graduates has decreased.
Unethical behavior is a bar to financial success
a. True b. False Indicate whether the statement is true or false
Leonesio Corporation makes a product that uses a material with the following standards: Standard quantity 8.2kilos per unitStandard price$4.00per kiloStandard cost$32.80per unit?The company budgeted for production of 3,100 units in August, but actual production was 3,200 units. The company used 27,600 kilos of direct material to produce this output. The company purchased 29,000 kilos of the direct material at a total cost of $118,900. The direct materials purchases variance is computed when the materials are purchased.?The materials quantity variance for August is:
A. $5,440 U B. $5,440 F C. $5,576 F D. $5,576 U