The sequential steps of the Agency Law Disclosure are:
a. disclose, elect, confirm.
b. disclose, confirm, dissolve.
c. confirm, elect, disclose.
d. disclose, confirm, elect.
Answer: a. disclose, elect, confirm.
Business
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Construction of a qualifying asset is started on April 1 and finished on December 1. The fraction used to multiply an expenditure made on April 1 to find weighted-average accumulated expenditures is
a. 8/8. b. 8/12. c. 9/12. d. 11/12.
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Profit sharing plans provide greater funding flexibility than other types of qualified plans provide.
a. true b. false
Business