A distribution from a corporation to a shareholder will only be treated as a dividend for tax purposes if the distribution is paid out of current or accumulated earnings and profits.

a. True

b. False

CTP synthetase catalyzes the glutamine-dependent conversion of UTP to CTP. The enzyme is allosterically inhibited by the product, CTP.

Kirby just inherited $250,000. He would like to hire a financial advisor to provide financial advice and to manage the inheritance. Kirby has interviewed two potential advisors.

Market demand is found by: adding the individual quantities demanded at each price. adding the individual prices at each quantity demanded. multiplying the individual quantities demanded at each price.

Which of the following is not an advantage of participative budgeting? a. It encourages budgetary slack. b. It tends to lead to a higher level of performance. c. It fosters a sense of responsibility. d. It encourages greater goal congruence. e.

Limited liability companies are primarily designed to:allow a portion of its owners to enjoy limited liability while granting the other portion of its owners control over the entity.

On January 1, Great Designs Company had a debit balance of $1,985 in the office supplies account. During the month, Great Designs purchased $463 and $420 of office supplies and journalized them to the asset account upon purchasing.

Because the auditors of XYX Company accepted a client firm's questionable financial statements when the infractions have occurred over time, James believes that they are· setting ill-conceived goals.· exhibiting motivated blindness.

One of your friends states that "operations management and supply chain management are primarily of interest to manufacturing firms." Is this true or false? Give some examples to support your answer

Dan and Lori Cole operated a Curves franchise exercise facility in Angola, Indiana, as a partnership. The firm leased commercial space from Flying Cat, LLC, for a renewable three-year term. The Coles renewed the lease for a second three-year term.

Your grandfather invested $1,000 in a stock 36 years ago. currently the value of his account is $318,000. what is his geometric return over this period?