The number of authorized shares of stock may be less than the number of outstanding shares
Indicate whether the statement is true or false
False
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A taxpayer purchased a factory building in 1985 for $800,000. After claiming ACRS-accelerated depreciation of $800,000, she sells the asset for $1,000,000 during the current year. No payment is received during the current year, and the $1,000,000 balance to be paid with interest at the interest rate in four annual payments beginning one year from date of sale. The installment sales method is adopted. How much ordinary income is recognized in the current year?
A. $200,000 B. $0 C. $1,000,000 D. $800,000
A sales forecast is most likely to be based on which of the following?
A) the company's variable costs B) the company's growth rate C) the company's break-even point D) the company's marketing expenses E) the company's fixed costs
An established retail clothing store in a town with a large university wants to quickly increase the number of college students who shop at the store. Which of the following would be the best way to offer a sales promotion to this target market?
A) run coupons in the local daily newspaper B) buy an online ad on the university newspaper's homepage announcing a 10% discount for students who show a school ID C) produce a commercial and buy airtime on local television channels D) sponsor an organization or event at the university in a public relations effort E) use shilling to create buzz for the store
Rehearsing success stories is an effective preparation technique for answering which type of interview questions?
A) Experiential B) Get-acquainted C) Stressful D) Behavioral