The federal income tax is an example of a:
A. Flat tax structure.
B. Progressive rate structure.
C. Proportional rate structure.
D. Regressive rate structure.
Answer: B
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For 2014, Celestion should report interest revenue of
a. $317,964. b. $344,000. c. $413,964. d. $517,455.
A buyer purchases some equipment that costs $20,000. As part of the contract, the seller agrees
to install this equipment for an additional $2,000. After the buyer begins using the equipment, problems develop. Some of the problems relate to how the equipment was installed, while others relate to the equipment itself. Which of the following is true? A) The entire contract is covered under the UCC. B) The sales portion of the contract is covered by the UCC, but the installation services are covered under common law. C) The entire contract is covered under common law. D) Either the entire contract is covered under the UCC or the entire contract is covered under common law; which one covers it depends on whether more of the problems relate to the equipment itself or to the installation.
A defective acceptance does not create a contract, but does constitute a new offer
a. True b. False Indicate whether the statement is true or false
The document that describes the issuer of a security's management and financial position is known as a
A) balance sheet. B) 10-K report. C) prospectus. D) red herring.