If an activity produces a profit for at least two years during a consecutive five-year period, the burden of proof shifts to the IRS to show that the activity is not profit-motivated.
Answer the following statement true (T) or false (F)
False
The time period is three out of five years.
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Marketing communications allow companies to link their brands to other people, places, events, brands, experiences, feelings, and things
Indicate whether the statement is true or false
A disadvantage of a matrix organization is that
A. people may care more about their own function than about the company as a whole. B. higher management levels are overloaded with operational decisions. C. employees may fail to focus on overall product quality and customer satisfaction. D. resource utilization becomes inefficient because resources are not shared. E. managers who share subordinates may jockey for power.
Franz signs a $1,000 note payable to ABC Bank. To help Franz get the loan approved, Amy also signs the note as an accommodation maker. Amy:
a. has the same liability as that of an accommodation indorser on a check. b. has $500 of liability to the bank and Franz has $500 of liability. c. has secondary liability on the note. d. and Franz both have primary liability on the note.
A total loss under a valued policy is settled on the basis of the
A) market value of the loss. B) actual cash value of the loss. C) replacement value of the loss. D) amount of insurance covering the loss.