A corporation that incurs $28,500 organization costs must capitalize the costs and amortize them over 180 months.
Answer the following statement true (T) or false (F)
False
The first $5,000 of organizational costs are deductible in the year incurred.
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A defendant is protected by the Double Jeopardy Clause if his case reaches a hung jury
Indicate whether the statement is true or false
Sorenson LLC, a publicly traded company, has ten members on its board. Of the ten members, six members are employees of the company-including the CEO, who also chairs the board. The board has been failing in its responsibilities toward the shareholders, who now want a new board. Assuming that the total number of board members remains constant, how many outside directors should the shareholders appoint to Sorenson's board to achieve board independence?
A. 5 B. 7 C. 1 D. 3
Which of the following is not a public relations tool?
A. Feature article B. Company magazine C. News release D. Annual report E. Product sample
Regular production costs $15 per unit and selling a unit represents a cash inflow of $25 per unit. Assume that all units reflected on the forecast will be sold. What is the net cash flow for March?
Month Forecast Regular Production January 250 250 February 200 200 March 300 300 April 400 400 A) $11,500 B) $7,500 C) $4,500 D) $3,000