Which disadvantage is common to both sole proprietorships and partnerships?
a. single taxation
b. complexity and costs in setting up
c. depersonalization
d. personal liability of owner(s)
d
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Men often use social media to post about sports games or politics; why do women often post?
A. to connect to others B. as a kind of “public diary” C. to share dreams D. to vent about their significant others
Dog Corporation acquires all of Cat, Inc. for $400,000 cash. On that date, Cat has net assets with fair value of $350,000 but a book value and tax basis of $325,000. The tax rate is 30 percent. Prior to this date, neither Dog nor Cat has reported any deferred income tax assets or liabilities. What amount of goodwill should be recognized on the date of the acquisition?
A. $0. B. $50,000. C. $66,400. D. $65,000. E. $57,500.
Which of the following is true of shipping goods via water transportation?
A) Water transportation is an efficient way to ship perishable merchandise over long distances. B) Water carriers are highly flexible in their routing and time schedules. C) Water transportation provides in-transit services, such as the processing of goods en route. D) Water transportation is ideal when time is short and speed is needed. E) Water transportation is the slowest mode of transportation and the most affected by the weather.
Which of the following sections of the IMF Articles of Agreement requires a member to buy its own currency from other members who have acquired it as the result of current transactions?
A. Section 2(a) of Article VIII B. Section 2(b) of Article VIII C. Section 5 of Article VIII D. Section 4 of Article VIII