A sole proprietor has generated $100,000 in profits. Assume she pays $20,000 in taxes on these profits and keeps the rest for herself. She then must pay income taxes on $80,000

Ombudspersons are neutral counselors who can give employees confidential advice about problems like abusive managers

Indicate whether this statement is true or false.

When applying the if-converted assumption for potentially diluted securities, conversions are assumed to occur at the ________

A) end of the prior year for hypothetical conversions B) beginning of the year for hypothetical conversions C) middle of the current year for actual conversions D) at the beginning of the current year or on the issue date of the dilutive security if issued during the year