All of the following individuals are allowed a deduction except:
A) Cora owns her own CPA firm and travels from Lafayette, LA, to Washington, DC, to attend a tax conference.
B) Jennifer, who lives in Houston, is the owner or several apartment buildings in Salt Lake City and travels there to inspect and manage her investments.
C) Alan is self-employed and is away from home overnight on job-related business.
D) Alison is an employee who is required to travel to company facilities throughout the United States in the conduct of her management responsibilities. She is not reimbursed by her employer.
D) Alison is an employee who is required to travel to company facilities throughout the United States in the conduct of her management responsibilities. She is not reimbursed by her employer.
Unreimbursed employee business expenses are not deductible.
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To avoid problems in the appraisal process, which of the following should generally be minimized?
A. Evaluation of individual traits B. Evaluation of effective behaviors demonstrated C. Evaluation of individual results D. Evaluation of group results E. Evaluation of ineffective behaviors demonstrated
The organization that was created by GATT to mediate and resolve trade disputes is the ______________________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is correct regarding the changing role of managerial accounting?
A. The managerial accountant is crunching more numbers than ever before in leading-edge companies. B. Managerial accountants rarely have the title of analyst or take on leadership roles. C. Managerial accountants are typically isolated in separate departments. D. Forward-looking goals have transformed managerial accountants into business advisors. E. The managerial accountant has been transformed into a financial historian in progressive companies.
An American manufacturer is setting up a manufacturing plant in China. A Chinese telecommunications worker has asked the American firm's agent to pay him a fee of $500 for setting up Internet service in the new plant. Under the FCPA, if the American agent pays the fee, it will be considered:
A) perfectly legal; the Chinese telecommunications firm deserves to be paid for its services B) questionable; the American agent should confirm that this is the appropriate amount and person to pay for the service. C) totally illegal; it is obviously a bribe. D) none of the above.