Ammon works at Max's Pizza shop. He is a single father and makes only minimum wages. However, by utilizing the new financial terms available, he recently leased a BMW automobile; this is an example of a(n) ________ purchase.

A. demographic
B. concentrated
C. aspirational
D. objective
E. organizational


Answer: C

Business

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During 2018, a company reported an increase in the deferred tax liability account of $47,790, a decrease in the deferred tax asset account of $17,225, and an income tax liability as per the 2018 income tax return of $198,375. What is the income tax expense to be reported on the income statement for the year ending December 31, 2018?

A. $228,940 B. $198,375 C. $263,390 D. $167,810

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Explain the meaning of the terms contingent liabilities and provisions as they relate to U.S. GAAP and IFRS?

Business

______ theory describes how we infer and explain the causes of social behavior.

A. Communication B. Attribution C. Social learning D. Attachment style

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When delivering a speech that focuses on a process or procedure, you will probably find it most useful to arrange your ideas in either chronological or ______ order.

Fill in the blank(s) with the appropriate word(s).

Business