A business that sells products online is engaging in ________

Clark, quarterback for the Metropolis Superheroes, Inc., football team, is also the majority shareholder. He performs no services other than playing as quarterback for the team. His salary is twice that of the next highest-paid player in the league, even though his performance is below average for a quarterback. What is the most likely treatment of his salary upon audit of the Metropolis Superheroes by the IRS?

a. It is not deductible at all. b. It is deductible in full. c. It is deductible up to the amount of the next highest paid player d. It is deductible to the amount of the reasonable value of Clark's services.

Some investors think that Prestige Entertainment's repurchase program was a bad deal for shareholders, because the company paid too much for its repurchased shares

Over the last quarter, Prestige repurchased 717.16 million shares at an average price of $17.35 per share. Shares outstanding are now 11,235.51M and the stock price is $12.01, which analysts regard as its fair value. What price was Prestige trading for before the repurchase? A) $11.28 B) $12.01 C) $12.33 D) $13.06 E) $14.03