The incremental research activities credit is 20% of the qualified research expenses that exceed the base amount

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Rafaela is interested in learning more about what one of her competitors is doing so that she can anticipate its upcoming moves and react quickly. Which of the following would you suggest to her for this purpose?   

A. Go through the competitor's trash on its property. B. Pose as an applicant for a job with the competitor. C. Use investor information. D. Call the competitor, explain who you are, and ask directly. E. Pay the competitor's customers for information.

Business

Other revenues and expenses appears as a separate section on a single-step income statement

Indicate whether the statement is true or false

Business

Dave and Meagan Philips borrowed $150,000 from Fifth National Bank to help fund the purchase of a new home. The home serves as collateral for the loan. Fifth National has an insurable interest in the home based on

A) potential responsibility for legal liability. B) being a secured creditor. C) expectation of ownership. D) having a contractual right.

Business

If the actual rate of return on an investment portfolio is constant from year to year, the standard deviation of that portfolio is zero

Indicate whether the statement is true or false.

Business