Which of the following statements about converting a traditional IRA to a Roth IRA is (are) true?
I. Such conversions can be done with no income tax consequences.
II. Qualified distributions from a Roth IRA after a conversion are received tax-free.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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In a logical DFD for a B/AR/CR process, you would expect that a credit memo would be sent by the B/AR/CR process to the customer from which of the following processes?
a. perform billing b. manage customer accounts c. receive payment d. validate sales order
A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,880. The direct materials quantity variance is:
A. $400 unfavorable. B. $400 favorable. C. $120 favorable. D. $520 favorable. E. $520 unfavorable.
Conventional supermarkets, food-based superstores, combination stores, box stores, and warehouse stores are all included in the general definition of a supermarket
Indicate whether the statement is true or false
Days' payable outstanding measures how long, on average, a company takes to pay its creditors.
Answer the following statement true (T) or false (F)