Answer:
iii.Income earned on T-bills is exempt from state and local taxes.
Explanation:
Some staes might require that require that income earned from T-bills be reported regardless of the tax exempt status.
The accounting method under which revenues<span> are recognized on the income statement when they are earned.</span>
Answer:
A) Offering 1/2 price discounts through Costco.
Explanation:
Probably the most commonly used and most effective sales promotion is to offer a discount to your products or services. Everyone loves the idea of paying less for a product they need or want. But there is a catch with this type of activity, you shouldn't do it very often. If discounts are offered on a regular basis, then customers will tend to purchase the product only when a discount is available.
Answer: a. Chapter 7
Explanation:
Chapter 7 bankruptcy is a type of bankruptcy that allows trustee to sell a few of one's property in other to repay creditors. It also allows the cancelation of some debt. The chapter 7 bankruptcy is also known as straight or liquidation bankruptcy and it is the most commonly used especially by individuals.
