The Federal Water Pollution Control Administration enforces federal water pollution laws
Indicate whether the statement is true or false
False
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Greer Company purchased land for $256,000 . Additional costs include a $15,300 fee to a broker, a survey fee of $2,400, $1,750 to construct a fence and a legal fee of $8,500 . What is the cost of the land?
a. $256,000 b. $282,200 c. $284,600 d. $281,000
Answer the following statements true (T) or false (F)
In a sole proprietorship, there is a legal distinction between contributed capital and earned capital.
Boomerang Corporation, a New Zealand corporation, is owned by the following unrelated persons: 40 percent by a U.S. corporation, 15 percent by a U.S. individual, and 45 percent by an Australian corporation. During the year, Boomerang earned $3,000,000 of subpart F income. Which of the following statements is true about the application of subpart F to the income earned by Boomerang?
A. Boomerang is not a CFC and none of the shareholders will have a deemed dividend under subpart F. B. Boomerang is a CFC and the U.S. corporation, U.S. individual, and Australian corporation will have a deemed dividend of $1,200,000, $450,000, and $1,350,000, respectively. C. Boomerang is a CFC and only the U.S. corporation will have a deemed dividend of $1,200,000. D. Boomerang is a CFC and the U.S. corporation and U.S. individual will have a deemed dividend of $1,200,000 and $450,000, respectively.
Golf & Tennis LLC makes and sells golf clubs, tennis racquets, and related sporting goods. By selling its products at prices substantially below the normal cost of production, Golf & Tennis hopes to drive its competitors from the market. This is
a. market power. b. predatory pricing. c. price discrimination. d. none of the choices.