MERCOSUR is a free trade zone linking which of the following countries?
A) Mexico, Japan, Brazil, Paraguay, and Venezuela
B) Mexico, Canada, and the United States
C) Brazil, Argentina, Paraguay, and Venezuela
D) Canada, Brazil, and the United States
E) Brazil, Argentina, Paraguay, Uruguay, and Venezuela
E
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Leonna orders five table settings of china from Elite China. Each set includes a dinner plate, cup & saucer, bowl, and dessert plate. The china is sold only in sets. When the delivery arrives, Leonna discovers that Elite China sent the wrong pattern
Leonna immediately calls Elite China and is instructed to send the shipment back. While repacking the shipment, Leonna changes her mind and decides to keep the cups and saucers. She returns everything else. Can she do this?
Norah is interested in developing her credit policy. She wants to make a policy for which of the following?
a. the price and timing of raw materials, and other goods and services necessary to build, sell, and support products b. how pricing will be determined for her products and services c. the level of compensation and benefits for each type of position in the business d. the process and timing in which obligations to pay for products and services sold will be billed and collected
The HIPAA Act of 1996:
A) requires financial institutions to ensure the security of customer data. B) specifies best practices in information systems security and control. C) imposes responsibility on companies and management to safeguard the accuracy of financial information. D) outlines medical security and privacy rules. E) requires that companies retain electronic records for at least 10 years.
Answer the following statements true (T) or false (F)
1. An accrual of a reserve for bad debt expense by an accrual-basis taxpayer meets the standards of all-events and economic performance. 2. A taxpayer who uses the cash method in computing gross income from his or her business must use the cash method in computing expenses of such business. 3. A business which provides a warranty on goods sold will deduct a reserve for warranty expense consistent with the reporting on its financial statements. 4. A taxpayer may use a combination of accounting methods as long as income is clearly reflected. 5. A taxpayer who uses the LIFO method of inventory valuation may use the lower of cost or market