Irrevocable trusts can lower estate taxes, but may incur gift taxes
Indicate whether the statement is true or false.
TRUE
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Telemarketers, retail sales clerks, and new field salespeople often use the need-satisfaction approach during the initial sales presentation
Indicate whether the statement is true or false
Unrealized holding gains and losses occur because a company
A) actively trades securities. B) holds securities until maturity. C) holds securities through the end of the reporting period. D) records a change in fair value of the securities held even if they are not sold.
Almondine Company sold a computer for $50,000 . The computer's original cost was $250,000, and the accumulated depreciation at the date of sale was $180,000 . The sale of the computer should appear on Almondine's annual statement of cash flows (indirect method) as
a. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. b. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. c. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000. d. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.
Preponderance of the evidence is a legal standard whereby a bare majority of the evidence is sufficient to justify a ruling
Indicate whether the statement is true or false