Which of the following statements is true about Buddhism?
A. Buddhism was founded in the fifth century B.C. by K'ung-Fu-tzu, in China.
B. The emphasis on wealth creation that is embedded in Protestantism is not found in Buddhism.
C. Buddhism advocates the kind of extreme ascetic behavior that is encouraged by Hinduism.
D. Like Hinduism, Buddhism also supports the caste system.
E. Unlike Hinduism, Buddhism does not stress afterlife and spiritual achievement.
B
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[APPENDIX] Deferred income taxes arise because
a. corporations often make errors in their tax estimations. b. companies can use accounting methods that minimize net income for tax purposes and other methods that maximize net income for reporting to shareholders. c. the IRS owes a company a refund from last year. d. large corporations generally have operations in foreign countries whose tax law is quite different from U.S. tax law.
Sam Company reported the following amounts on its income statement: Net income$100,000 Cost of goods sold 400,000 Gross margin 200,000 Based on the information provided, what was the amount of sales reported on the income statement?
A. $300,000 B. $600,000 C. $700,000 D. $200,000
When preparing the operating activities section of the statement of cash flows using the indirect method, decreases in current operating liabilities are subtracted from net income.
Answer the following statement true (T) or false (F)
A personal computer manufacturer has developed a significant technological breakthrough that will make its computers easier for novices to use. The computer manufacturer would do best to use a(n) ________ appeal to announce the breakthrough.
A. emotional B. news C. competitive advantage D. favorable price E. product popularity