Under the Uniform Commercial Code, it is possible for a nonmerchant to be liable on a contract
for the sale of goods of $500 or more without having signed any writing.
Indicate whether the statement is true or false
TRUE
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The Yeoman Trust has generated several Federal income tax credits for this tax year. Which taxpayer(s), if any, can use these credits in computing a Federal income tax liability? (e.g., the grantor, the trust, its income beneficiaries, its remainder beneficiaries) Answer for estates, simple trusts, and complex trusts.
What will be an ideal response?
Why is depreciation added to net income in the Operating Activities category of the statement of cash flows when the indirect method is used?
a. Depreciation expense is a negative amount in the Investing Activities section and therefore is a positive amount in the Operating Activities section. b. Depreciation provides cash and therefore must be added to net income. c. Depreciation was deducted in arriving at net income on the accrual basis of accounting; however, it did not require the use of cash. d. Depreciation reduced the book value of plant assets and, therefore, must be reported as an investing activity.
Explain several of the issues that marketers interested in green marketing should consider
What will be an ideal response?
________ requires the salesperson to discuss an objection before a prospect has the opportunity to ask about it.
A. Objection dodging B. Obstructing an objection C. Advanced objection D. Objection pre-emption E. Forestalling an objection