Federal administrative agencies are created by ________
A) the U.S. President
B) the U.S. Congress
C) the U.S. people
D) the U.S. judiciary
B
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The flexible budget variance is the difference between the:
a. flexible budget operating income and the actual operating income. b. static budget contribution margin and the flexible budget contribution margin. c. flexible budget contribution margin and the actual contribution margin. d. static budget operating income and the flexible budget operating income.
An entity-relationship (E-R) model is an approach to representing data in a(n) ____________________
Fill in the blank(s) with correct word
Nash and Ford are partners who share profits and losses equally. For the current tax year, the partnership had book income of $70,000 which included the following deductions: Guaranteed payments to partners: Nash $35,000 Ford 25,000 Charitable contributions 5,000 What amount should be reported as ordinary income on the partnership return for the current tax year?
a. $75,000 b. $85,000 c. $130,000 d. $135,000 e. None of the above
Most younger people rent but 80 percent of those aged 55-64 are homeowners
a. True b. False