The selection of an appropriate cost allocation base is more important for single-stage cost allocation systems than for two-stage cost allocation systems.
Answer the following statement true (T) or false (F)
False
A correctly chosen allocation base is equally important for any allocation system.
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FICA tax is a tax that is paid both by the employer and the employee
Indicate whether the statement is true or false
Which of the following statements about types of business entities is true?
A. Sole proprietorships are subject to double taxation. B. For accounting purposes a sole proprietorship is not a separate entity from its owner. C. Ownership in a partnership is represented by having shares of capital stock. D. One advantage of a corporation is ability to raise capital.
Early distributions from qualified retirement plans are assessed a 10 percent penalty. However, there are some exceptions to this rule. All of the following distributions are exempt from the penalty tax EXCEPT
A) lump-sum distributions made after age 59.5. B) lump-sum distributions made directly to the employee at any age when he or she changes employers. C) lump-sum distributions made after the death or permanent disability of the employee. D) distributions that are part of a series of substantially equal payments over the worker's life expectancy.
High assertiveness and high cooperation represent the style of conflict resolution known as
A. avoiding. B. competing. C. compromise. D. accommodating. E. collaboration.