The corporate strategy of ________ involves expanding the domain of an organization into supply channels and to distributors.
A. satisficing
B. vertical integration
C. benchmarking
D. concentration
E. horizontal integration
Answer: B
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The periodic inventory system ________.
A) is more difficult to maintain than a perpetual inventory system B) works well for businesses in which the inventory is large in size or dollar amount C) involves the use of inventory costing methods D) cannot be used with a specific identification costing method
The duty not to commit waste means the tenant:
A. is responsible for the care and upkeep of the property. B. has the duty to make repairs irrespective of whether the damage was caused by his negligence or not. C. should take reasonable care to protect the property from criminal conduct. D. has the duty to pay rent in the agreed amount and at the agreed times.
Any twelve-month accounting period adopted by a company is known as its fiscal year
Indicate whether the statement is true or false
Boomerang Corporation, a New Zealand corporation, is owned by the following unrelated persons: 40 percent by a U.S. corporation, 15 percent by a U.S. individual, and 45 percent by an Australian corporation. During the year, Boomerang earned $3,000,000 of subpart F income. Which of the following statements is true about the application of subpart F to the income earned by Boomerang?
A. Boomerang is not a CFC and none of the shareholders will have a deemed dividend under subpart F. B. Boomerang is a CFC and the U.S. corporation, U.S. individual, and Australian corporation will have a deemed dividend of $1,200,000, $450,000, and $1,350,000, respectively. C. Boomerang is a CFC and only the U.S. corporation will have a deemed dividend of $1,200,000. D. Boomerang is a CFC and the U.S. corporation and U.S. individual will have a deemed dividend of $1,200,000 and $450,000, respectively.