A taxpayer at risk for AMT should consider which of the following decisions?
A) investing in corporate bonds
B) timing of state income tax estimated payments
C) choosing a depreciation method for a new business building
D) All of the above.
B) timing of state income tax estimated payments
Of the responses provided, only the state income taxes creates a preference or adjustment.
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Customers expect personal attention from employees who are:
a. thoughtful. b. knowledgeable. c. professional. d. all of these choices.
Which of the following statements is true of internships?
A. They offer high monetary compensation. B. In 2010, the U.S. Department of Labor issued a ruling that makes it easier for profit-seeking firms to offer unpaid or low-wage internships. C. They help students determine whether a specific career is right for them. D. They make it harder for students to get a job in their field of interest.
Which of the following parties can defeat a perfected security interest?
A. A "buyer in ordinary course of business." B. A buyer of consumer goods if the buyer is not aware of the security interest, gives value for the goods, will continue to use the goods as consumer goods, and the secured party has not filed a financing statement. C. A buyer who purchases chattel paper or an instrument in the ordinary course of business, and then takes possession. D. All of these are correct.
Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 215,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding?
A. $3,393,738 B. $3,572,356 C. $3,760,375 D. $3,958,289 E. $4,166,620