Which one of the following will result in an accruable expense for an accrual-basis taxpayer?

a. An invoice dated prior to year end but the repair completed after year end.
b. A repair completed prior to year end but not invoiced.
c. A repair completed prior to year end and paid upon completion.
d. A signed contract for repair work to be done and the work is to be completed at a later date.

Ans: b. A repair completed prior to year end but not invoiced.

Business

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Nervous hand gestures that should be eliminated include all of the following EXCEPT:

A) Nail-biting B) Finger-tapping C) Handshakes D) Knuckle-popping

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Which of the following statements is true regarding group decision making?

A) If creativity is important then individuals tend to be more effective than groups. B) Group decision making tends to decrease the acceptance of the solution. C) Group decisions are typically less time consuming than individual decisions. D) Group decisions are generally less accurate than the decisions of the average individual in a group. E) Groups generate more complete information and knowledge than individuals.

Business