Which of the following is NOT an example of a tax incentive policy?
A) The federal government gives a tax credit to MNEs that make domestic capital improvements but not foreign capital improvements.
B) Corporations are allowed to take a direct tax credit for each dollar of matching donations they make to institutions of higher education.
C) A tax law is passed that makes interest on property non tax-deductible, but interest payments on durable goods are.
D) All are examples of a tax incentive policy.
Answer: D
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A. providing personal customer service B. having lower overhead costs C. using technology D. exploiting market niches
Paper Corporation owns 75 percent of Scissor Company's stock. On July 1, 20X8, Paper sold a building to Scissor for $33,000. Paper had purchased this building on January 1, 20X6, for $36,000. The building's original eight-year estimated total economic life remains unchanged. Both companies use straight-line depreciation. The building's residual value is considered negligible.Based on the information provided, in the preparation of the 20X9 consolidated income statement, depreciation expense will be:
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A. 3.8 B. 38 C. 380 D. 3800
Some managers prefer to use cost rather than market price in controlling transfers between divisions. If cost is to be used, then it should be:
A. standard cost. B. full cost. C. variable cost. D. direct cost.