Small firms give employees a share of ownership in the business through
A. profit plans.
B. group incentive plans.
C. employee stock ownership plans.
D. action-sharing plans.
Answer: C
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Recently, regional trade agreements have grown, a trend that may be seen to strengthen the WTO, according to the text.
Answer the following statement true (T) or false (F)
A firm reports the following balance sheet items: total current liabilities of $535,000; total assets of $2,500,000; fixed and other assets of $1,850,000; and long-term debt of $200,000. What is the amount of the firm's net working capital?
A) $115,000 B) $450,000 C) $335,000 D) $1,315,000
Whether everyone else does it is one method for evaluating the ethics of a particular course of action
Indicate whether the statement is true or false
Lance transferred land having a $180,000 FMV and a $105,000 adjusted basis, which is subject to a $150,000 mortgage in exchange for a one-third interest in the Trois Partnership. Lance acquired the land in 2010. The partnership owes no other liabilities. Lance, Rhonda, and Zach share profits and losses equally and each has a one-third interest in partnership capital. The tax effect to Lance is
A) no gain or loss recognized. B) recognized gain of $45,000 on the transfer. C) recognized gain of $75,000 on the transfer. D) recognized loss of $45,000 on the transfer.