Which of the following organization forms has the most revenue?
A) S corporation
B) limited partnership
C) C corporation
D) limited liability company
Answer: C
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You are charged with violating a government regulation. The government sues you for $10 million in civil penalties. You:
a. have a right to a jury trial if you wish b. have a right to a jury trial only if the case is in federal court c. have a right to a jury trial only if the case is in state court d. you have a right to a jury trial if the conviction would be on your record e. none of the other choices
The City of Spartan's fiscal year ends on December 31. On October 1, 2020, the city issued $1,000,000 of 6%, 10-year term bonds with semiannual interest payments due on April 1 and October 1 each year, beginning on April 1, 2021. What amount of expense should the city recognize in its governmental activities journal for the years 2020 and 2021?
A. $30,000 in 2020; $60,000 in 2021. B. $60,000 in 2020; $60,000 in 2021. C. $15,000 in 2020; $60,000 in 2021. D. $0 in 2020; $60,000 in 2021.
A manager at a local bank analyzed the relationship between monthly salary (y, in $) and length of service (x, measured in months) for 30 employees. She estimates the following model: Salary = ?0 + ?1Service + ?. The following table summarizes a portion of the regression results. CoefficientsStandard Errort-statp-valueLower 95%Upper 95%Intercept784.92322.25 124.951,444.89Service9.193.20 2.6415.74Using the 95% confidence interval, what is the conclusion to the following hypothesis test:H0: b1 = 0; HA: b1 ? 0?
A. At the 5% significance level, do not reject H0 and cannot conclude that service is significant. B. At the 5% significance level, reject H0 and conclude that service is significant. C. At the 5% significance level, reject H0 and cannot conclude that service is significant. D. At the 5% significance level, do not reject H0 and conclude that service is significant.
The additional standard deduction for age and blindness is greater for married taxpayers than for single taxpayers
a. True b. False Indicate whether the statement is true or false