Phillip assigns his rights under a contract with Maria to his college roommate, John. Neither Phillip nor John notifies Maria of the assignment. The assignment
A) will not be effective until notice is given to Maria
B) will become effective after thirty days even if no notice is given to Maria.
C) is immediately effective.
D) can be circumvented.
C
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Bonus depreciation is used as a stimulus tool by tax policy makers.
Answer the following statement true (T) or false (F)
A retailer's planned expenditures for a given time period based on its expected performance is its _____
a. asset turnover b. net worth c. budget d. sales forecast
An advantage of using an arbitrator is:
a. the arbitrator is a biased expert b. the arbitrators is not trusted by both parties c. the matter is resolved more quickly than in most court trials d. the process is more costly than a regular trial e. all of the other choices are correct
The management's discussion and analysis (MD&A) required in general purpose federal financial reporting is different than that required by GASB of state and local governments in that:
A. It is outside the general purpose federal financial report and is optional, not required. B. It includes information about the agency's performance goals and results in addition to financial activities. C. It is a part of the basic financial statements and, as a result, it is audited along with the financial statements. D. There are no significant differences.