It is impossible to construct a sampling frame for an __________ population
Fill in the blank(s) with correct word
infinite
RATIONALE: A sampling frame is a list of the elements from which the sample will be selected.
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Exhibit 9-4 During 2016, the Thomas Company began selling a new type of machine that carries a two-year assurance-type warranty against all defects. Based on past industry and company experience, estimated warranty costs should total $2,000 per machine sold. During 2016, sales and actual warranty expenditures were $4,000,000 (80 machines) and $44,000, respectively. Thomas uses the GAAP approach
of accruing warranty expense (and the related liability) in the year of the sale. ? Refer to Exhibit 9-4. What amount should Thomas report as its warranty expense for 2016? A) $0 B) $ 44,000 C) $160,000 D) $320,000
In a mutually inclusive situation, if one project is chosen, all related projects are also chosen
Indicate whether the statement is true or false
The calculation of incremental free cash flows over a project's life should include
A) labor and material saving. B) additional revenue. C) interest to bondholders. D) A and B.
Penny, a cash-basis taxpayer, reported a $15,000 long-term capital gain on the exchange of her Midwest Corporation stock when the corporation liquidated in 2016. Midwest subsequently lost a lawsuit and Penny paid an additional $3,000 in 2018 as her part of the settlement. What are the tax consequences to Penny in 2018 of the $3,000 additional payment she made?
What will be an ideal response?