In 2019, Largo Inc., a calendar year corporation, accrued a $45,000 year-end bonus payable to its communications director. Largo and the director are not related parties. Largo paid the bonus to the director on April 3, 2020. Dargo can deduct the bonus in 2019.
Answer the following statement true (T) or false (F)
False
The accrued bonus is not deductible because payment was not made by March 15, 2020.
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After receiving an offer of employment, how should the resignation at the current employer be handled?
A) Explain to the current employer why you are leaving. B) Tell the current employer what company made you an offer and how much they are paying you. C) Write a letter using the format for negative messages stating your decision to leave and your last day on the job. D) Wait until 3 days before the new job begins to give notice. E) Write a message using a positive format indicating what the company can do to better retain employees.
All expenses incurred by a business are paid immediately in cash
Indicate whether the statement is true or false
In a meeting with Katie, a human resources representative, Kofi threatened to call his lawyer and "sue the pants off" the employer for the egregious way in which his supervisor treated him
Katie asked Kofi what the problem was and whether he would be willing to talk further about why he felt so strongly so that perhaps a workable solution could be achieved. a. Both Kofi and Katie were pursuing a rights-based approach to resolving a conflict. b. Kofi was pursuing a rights-based approach to resolving a conflict, and Katie was pursuing an interest-based approach. b. Kofi was pursuing a power-based approach to resolving a conflict and Katie was pursuing a rights-based approach. c. Kofi was pursuing a power-based approach, and Katie was pursuing an interest-based approach.
Break-even analysis is useful because it allows managers to
A. determine the relationship between price and quantity demanded. B. estimate the quantity they will need to sell at a given price to break even. C. analyze the different elements contributing to their variable costs. D. reposition products based on their break-even positioning revenue. E. quantify the relationship between price elasticity and product elasticity.