Unilateral conduct cannot result in a violation of antitrust law
Indicate whether the statement is true or false
False
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Which of the following is most likely gained by stores that cluster together?
A) decreased competition B) increased customer pulling power C) compliance with franchise agreements D) creation of retailer cooperatives E) standardization of the service mix
Rogers Manufacturing sells an old machine to KSS Corp which is having financial difficulty. Rogers agrees to accept payment over 3 years. The adjusted basis of the machine to the seller is $5,000 and the buyer is expected to make payments of $2,000 per year for 3 years. What amount of net profit is recognized by the seller in year 3 if the seller uses the installment method? (Assume that the
buyer makes the payments.) a. $2,000 b. $1,000 c. $333.33 d. $0 e. $666.67
Ellen, a CPA, prepares a tax return for Frank, a plumber, in exchange for installing a new sink. Since no cash changed hands, neither taxpayer is required to report any income.
Answer the following statement true (T) or false (F)
A process is usually developed by several employees who have a role in the process.
a. True b. False