All of the following expenses incurred in the course of operating a business are deductible business expenses except
a. Cost of sending communications to members of a city council regarding legislation.
b. Public service advertising that keeps the name of the business before the public.
c. Advertising in a concert program the local church is sponsoring.
d. Advertising in a convention program of a political party. The proceeds from the publication of the program are for the local use of the political party.
Ans: d. Advertising in a convention program of a political party. The proceeds from the publication of the program are for the local use of the political party
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In a forward contract no monies change hands until the maturity date of the contract known as the ________,
A) spot value date B) exercise date C) forward contract date D) forward settlement date
A problem with the tender offer mechanism in a takeover is the . The term refers to a situation in which rational behavior by each individual shareholder results in shareholders as a group being worse off
If individual target shareholders (correctly) foresee that the value of their shares will be worth more after the takeover than they will receive in the tender offer, they will choose not to tender their shares. a. holdover problem b. free rider problem c. holdout problem d. non-tender problem