State unemployment compensation tax (SUT
A) is paid by the employer and is not deducted from an employee's gross earnings.
TRUE
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Which of the following is true concerning discontinued operations?
a. Only the gain or loss is reported on the income statement. b. It must be both unusual in nature and infrequent in occurrence. c. Analysts would not normally include this item in making their decisions. d. Net income or loss from prior years must also be disclosed in the year of disposition.
The Export Administration Act:
a. regulates the export of certain raw materials in short supply, good that might jeopardize national security, and goods whose sale would conflict with national policy b. grants exporters limited exemptions from U.S. antitrust laws to develop certain business associations c. allows certain associations dealing with sensitive services or technologies to qualify for export registration d. was a failure at promoting international trade and was replaced by the Export Trading Act of 2002 e. none of the other choices are correct