The doctrine of substantial performance applies in construction contracts

Recognition of tax benefits in the loss year due to a loss carry forward requires:

a. the establishment of a deferred tax liability. b. the establishment of a deferred tax asset. c. the establishment of an income tax refund receivable. d. only a note to the financial statements.

The ________ method of promotional budgeting is based on determining spending necessary to accomplish specific promotion goals

A) percentage-of-sales B) competitive-parity C) top-down D) pull-push E) objective-task