A hammer and a nail cost $1.10, and the hammer costs one dollar more than the nail. how much does the nail cost?'

2. Fargo Corporation distributes property (basis of $260,000 and fair market value of $310,000) to a shareholder. Fargo Corporation has sufficient E & P for its distributions. What are the tax consequences of this distribution to Fargo?

Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.

Which of the following statements is not correct? (A) Cash is important to the audit process because of its vulnerability to misappropriation, despite the fact that the balance at the balance sheet date may be immaterial.

Which ONE of the following is NOT a characteristic of equity financing? Group of answer choices A right to share in the profits of the business A right to share in any remaining resources when the business is terminated A right to force the business

Accounts receivable $ 443,000 Debit Allowance for Doubtful Accounts 1,330 Debit Net Sales 2,180,000 Credit All sales are made on credit. Based on past experience, the company estimates 3.5% of ending account receivable to be uncollectible.

If the economy is in decline, and the Federal Reserve wants to encourage banks to lend to consumers, which step will the Fed likely take? a. Encourage the sale of government securities. b. Decrease the discount rate. c.

What is required for a patent? A. A trade secret. B. Not trademarked C. It should be useful, novel and not unique. D. It must be useful, novel and not obvious.

Causal forecasting methods are used when: a. historical data is available and there is a relationship between the item to be forecasted and some other factor (such as advertising expenditure or sales of another product). b.

What is the best way to finance your own business?

Blue Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U. S. Law, Blue Space a. must share with all interested parties what it retrieves in space. b.