A: A horizontal integration consists of companies that acquire a similar company in the same industry, while a vertical integrationconsists of companies that acquire a company that operates either before or after the acquiring company in the production process.
In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.
Answer: b. decomposition
Explanation:
Decomposition is a project management technique that takes the entire project scope and all project deliverables and breaks them down into smaller components which makes it easy to manage.
However, decomposition may lead to more work without much value for the time spent and inefficient use of resources which will eventually lead to decreased work efficiency.
It involves:
1. Gathering of information on project deliverables to evaluate any related risks
2. Start the breakdown process at the highest level.
3. Decompose the higher levels into lower level detailed components.
4. Verify the degree of decomposition of the work if it is necessary and sufficient.
An investment can be called a safe Investment when it gains slowly over time. Thus, option A is the correct statement.
<h3>What do you mean by Investment?</h3>
Investment is the determination of an asset to gain a boom in price over a duration of time.
Investment calls for a sacrifice of a few assets, consisting of time, money, or effort. In finance, the cause of making an investment is to generate a return from the invested asset.
Thus, option A is the correct statement.
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Answer:
B) $2,000 is taxable and a 10% penalty will be imposed
Explanation:
Coverdell ESA distributions that are not used for qualifying educational expenses must be included in the gross income of the beneficiary and usually will be subject to a 10% tax penalty.
Coverdell ESA contributions are not taxed deductible, but the interest that they earn is not taxed. If the distributions are used to cover qualifying educational expenses, they are not taxed. But if they are not used properly, they must be included in the gross income of the beneficiary and will usually result in a 10% tax penalty (of the unused amount).
