You may choose married filing jointly as your filing status if you are married and both you and your spouse agree to file a joint return. Which of the following facts would prevent you from being considered married for filing purposes?
A. Your spouse died during the year.
B. You are married but living apart until some problems can be solved.
C. You were married for several years, but your divorce became final in December.
D. None of the above.
Answer: C
You might also like to view...
A ________ is a name, term, symbol, or other unique element of a product that identifies one firm's products and sets it apart from the competition
A) patent B) brand C) license D) position E) value proposition
The amount we've raised is ________ enough
a. nowhere near b. not nearly
Which of the following statements is true about capital budgeting analysis?
A. A project should be purchased if its NPV is positive. B. A project with only cash outflows and no cash inflows would have two internal rates of return (IRRs). C. The payback period method should be used for capital budgeting decisions if there is a conflict in the project rankings as per the NPV method and the IRR method. D. The net present value (NPV) method should be used to evaluate independent projects, and the internal rate of return (IRR) method for mutually exclusive projects. E. The payback period method should be used for capital budgeting decisions if the project has multiple cash outflows.
Which of the following statements is CORRECT?
A. A reduction in inventories will have no effect on the current ratio. B. An increase in inventories will have no effect on the current ratio. C. If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase. D. A reduction in the inventory turnover ratio will generally lead to an increase in the ROE. E. If a firm increases its sales while holding its inventories constant, then, other things held constant, its fixed assets turnover ratio will decline.