One indicia of independent contractor (rather than employee) status is when the individual performing the services is paid based on time spent (rather than on tasks performed)
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: What is described is a criterion for employee classification.
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If a 10% stock dividend is declared, an amount equal to the par value of the shares to be distributed should be charged to the retained earnings account
a. True b. False Indicate whether the statement is true or false
Frank Company earned $15,000 of cash revenue. Which of the following accurately reflects how this event affects the company's accounting equation? Assets=Liabilities+CommonStock+RetainedEarningsA.15,000=NA+15,000+NAB.15,000=NA+7,500+7,500C.15,000=NA+NA+15,000D.15,000=15,000+NA+NA
A. Option A B. Option B C. Option C D. Option D
Your new employer, Freeman Software, is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, and the allowed depreciation rates for such property are 33.33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected life. What is the Year 1 cash flow? Equipment cost (depreciable basis)$65,000 Sales revenues, each year$60,000 Operating costs (excl. deprec.)$25,000 Tax rate25.0%
A. $31,666 B. $31,849 C. $33,442 D. $35,114 E. $36,869
One of the potential pitfalls of real options analysis is that managers may have the incentive and know-how to game the system.
Answer the following statement true (T) or false (F)