Answer:
Acceptable
Explanation:
If the company believes it can lower their advertising expenses by reducing TV spots in December, it is a normal operation. What shouldn't be considered normal, would be that the TV spots in December are not reduced, but the billing is delayed so that it can be included in next year's income statement. All expenses incurred during the year, should be included in the income statement of that year.
Answer:
YES
Explanation:
It is true that the preferential transfer rules that are applied in bankruptcy is affected by whether an insolvent individual debtor filed a voluntary bankruptcy petition as opposed to an involuntary petition.
A preferential transfer can only occur when an insolvent individual, before voluntarily filing for Chapter 7 bankruptcy, settles a creditor or a category of creditors which then implies that the remaining creditors will be entitled to less in the bankruptcy.
Answer: Yes. Robert is is an investment adviser representative
Explanation:
Based on the scenario given in the question, we can deduce that Robert is an investment adviser representative. An Investment Adviser Representative is someone who is an employee for an investment advisory company and the person provides advice that are related to investments activities for the company.
In this case, Robert is performing the duties of an investment adviser representative for JJ financial planning.
Answer:
The answer is: This tax follows: "The benefits-received principle"
Explanation:
There are two principles of tax fairness raised in the question:
+ The ability to pay principles: stating that people should pay amount of tax in accordance with the level of wealth and income they possess.
+ The benefits-received principles: stating that the amount of tax a taxpayer has to pay should be in accordance with the level of consumption of government's goods and services.
By re-visiting two concepts above, we come up with "The benefits-received principle" as the answer.
It is because the resources dedicated to building public clinics specializing in helping alcoholics reduce their alcohol consumption is funded from liquor consumers which is the majority group of people which will consume the services of these clinics.