Internal Revenue Service (IRS) criteria specifying illegal campaign involvement are published in IRS ______.
A. Assets Ruling 89
B. Income Ruling 389
C. Campaign Ruling III
D. Revenue Ruling 2007-41
D. Revenue Ruling 2007-41
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Argentina was allowed to break from the CET and raise duties on consumer goods. This crisis had a silver lining, which is evident from all of the following points except:
A) Argentina's wine exports to the United States were worth four times more when dollar revenues were converted into pesos. B) Argentina became known for the world's most expensive wines. C) the currency devaluation made Argentine vineyard property cheaper for foreign buyers. D) low prices for land, inexpensive labor, and ideal growing conditions for the Malbec grape have combined to make Argentina's wine industry a major player in world markets. E) Argentina can make better wine locally for less money than anywhere in the world.
Which of the following is a performance metric used to measure brand-image communications?
A) high recall of key content B) high rate of purchase C) high ad and brand recall D) response to requested action E) low ownership costs
On January 1, Year 1, Stratton Company borrowed $180,000 on a 10-year, 8% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $26,825 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $14,400; debit Interest Expense $12,425; credit Cash $26,825. B. Debit Interest Expense $14,400; debit Notes Payable $12,425; credit Cash $26,825. C. Debit Interest Expense $13,406; debit Notes Payable $13,419; credit Cash $26,825. D. Debit Notes Payable $26,825; credit Cash $26,825. E. Debit Notes Payable $180,000; debit Interest Expense $8825; credit Cash $26,825.
Which of the following situations suggests the acceptance of an investment proposal?
A) The present value of the net cash inflows exceeds the initial investment. B) The IRR is lower than the hurdle rate. C) The cash inflows are less than the initial investment. D) The investment will have a residual value.