B-to-B companies spend a higher percentage of their communications money on mass media like TV advertising and much less on print advertising than consumer-products companies

Abraham becomes an equal partner in the Kit, Kat, and Kidd Partnership in 2014. In 2013, he filed his personal tax return on the calendar tax year basis. The partnership reports income and expenses on the fiscal tax year basis. How should Abraham report partnership income or loss distributed to him?

A. Abraham may choose a fiscal tax year and later obtain IRS approval if he wishes to change to a calendar tax year for reporting income and expenses. B. Abraham may choose either a calendar tax year or fiscal tax year to report income and expenses. C. Abraham may choose a fiscal year to report income and expenses. D. Abraham must report income and expenses on the calendar year basis.

A freestanding, interactive electronic computer terminal that displays products and related information on a video screen is a(n) _____

a. infomercial b. Web browser c. video kiosk d. point-of-sale terminal