Identify which of the following statements is false.
A) A corresponding item includes the income, gain, deduction, or loss amount reported by the buyer from an intercompany transaction, or from property acquired in an intercompany transaction.
B) Affiliated groups of corporations filing a consolidated tax return are not eligible for the small corporation exemption from the corporate alternative minimum tax.
C) An intercompany transaction generally results in the selling member and buying member in a property transaction being treated as divisions of a single corporation.
D) Intercompany dividends and undistributed subsidiary earnings do not create temporary differences for affiliated companies filing a consolidated return.
B) Affiliated groups of corporations filing a consolidated tax return are not eligible for the small corporation exemption from the corporate alternative minimum tax.
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Advertising elasticity is calculated as the ________
A) absolute change in sales divided by the percent change in advertising expenses B) percent change in sales divided by the percent change in advertising expenses C) absolute change in advertising expenditures divided by the percent change in revenue D) percent change in advertising expenses divided by the percent change in revenue E) percent change in sales minus the percent change in advertising expenditures
Anchoring and adjustment heuristics can lead us to ______, which is the tendency to over-rely on initial information while overlooking other important criteria.
A. availability bias B. projection heuristics C. confirmation heuristics D. anchoring bias
Which of the following expenses for accounting purposes generates an indirect after-tax cash inflow for purposes of net present value computations?
A) Repairs expense B) Salaries expense C) Depreciation expense D) Tax expense
Which of the following is a nontraditional form of advertising?
A. advertisements that are placed on the top of taxi cabs B. advertisements that are flown from the back of an airplane C. advertisements that are embedded within a video game D. advertisements that show up on web pages E. advertisements that are painted on the side of a building