Graphical models are analytical models that provide a visual picture of the relationships between variables
Indicate whether the statement is true or false
TRUE
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The advantages of a partitioned database include all of the following except
a. user control is enhanced b. data transmission volume is increased c. response time is improved d. risk of destruction of entire database is reduced
Clampett, Inc., converted to an S corporation on January 1, 2019. At that time, Clampett, Inc., had cash ($40,000), inventory (FMV $60,000, basis $30,000), accounts receivable (FMV $40,000, basis $40,000), and equipment (FMV $60,000, basis $80,000). In 2020, Clampett, Inc., sells its entire inventory for $60,000 (basis $30,000). Assume the corporate tax rate is 21 percent and that Clampett Inc.'s taxable income would have been a $50,000 loss in 2020 if it had been a C corporation. In 2021, Clampett, Inc.'s taxable income would have been $100,000 if it had been a C corporation. How much built-in gains tax does Clampett, Inc., pay in 2020? In 2021?
A. $0 in 2020; $0 in 2021. B. $0 in 2020; $10,500 in 2021. C. $10,500 in 2020; $0 in 2021. D. $2,100 in 2020; $0 in 2021. E. None of the choices are correct.
An indictment is a charge of guilt against the defendant.
Answer the following statement true (T) or false (F)
The battle of the forms takes place between a merchant and a nonmerchant
Indicate whether the statement is true or false