Which of the following is NOT a disadvantage of a corporation?
a. taxation
b. transfer of ownership
c. shareholder control
d. secrecy
e. lack of personal interest and involvement
b. transfer of ownership
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On April 1, 2015, due to obsolescence resulting from a new technology, a company discarded a computer that cost $5,000, had a useful life of 4 years, and a salvage value of $400. Based on straight-line depreciation, the accumulated depreciation as of December 31, 2014 was $3,450.a. Prepare the journal entry to record depreciation up to the date of disposal of the computer.b. Prepare the journal entry to record the disposal of the computer.
What will be an ideal response?
All of the following involve a temporary difference for purposes of income tax allocation except?
A) ?revenues or gains that are included in pretax financial income prior to the time they are included in taxable income. B) ?expenses or losses that are deducted to compute taxable income prior to the time they are deducted to compute pretax financial income. C) ?revenues or gains that are included in taxable income prior to the time they are included in pretax financial income. D) ?deductions that are allowed for income tax purposes but that do not qualify as expenses under generally accepted accounting principles.
People in emerging countries today are becoming increasingly health conscious and are seeking healthy food choices. As a result, demand for health foods is rising steadily, creating an opportunity for marketers to exploit this ________ market
A) demographic B) business C) need D) geographic E) service
A firm that is environmentally unsustainable is also a firm that is, in the long-term, financially unsustainable.
Answer the following statement true (T) or false (F)