Under the cash method of accounting, all of the following are true with the exception of:
A) Fixed assets are always expensed as the taxpayer pays for the assets.
B) Gross income includes the value of property received.
C) To some extent, a taxpayer may control the year in which an expense is deductible by choosing when to make the payment.
D) Income is reported in the tax year in which payments are actually or constructively received.
A) Fixed assets are always expensed as the taxpayer pays for the assets.
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Given the following code, what is the value of cell B3?
Public Function Interest(Principal As Single, Rate As Single)
If Rate >= 0.5 Then
Interest = Rate*Principal/10
Else
Interest = Rate*Principal*5
End If
End Function
a) $6
b) $60
c) $100
d) $0.6
e) $30
Gold & Sweet Company bottles and sells maple syrup from its plant in Vermont. On the labels is a logo that states "100% Genuine New England Maple Syrup Certified by the Northeast Maple Syrup Harvesters Association." This logo is A) a certification mark
B) none of the choices. C) a service mark. D) trade dress.
Which of the following represent(s) hedonic motives for social shopping?
a. The sense of importance we experience when others wait on us. b. The thrill of the hunt. c. The opportunities to share common interests with like-minded others. d. A & B only. e. All of these.
Having realistic goals for reducing vulnerabilities ________
A) is giving in to the problem B) helps to focus on the most critical threats C) is a cost-saving method D) is risk avoidance