A corporation's average tax rate will always be lower than or equal to its marginal tax rate

Which of the following items should be included in a company's inventory at the balance sheet date?

a. Goods in transit which were purchased f.o.b. destination. b. Goods received from another company for sale on consignment. c. Goods sold to a customer which are being held for the customer to call for at his or her convenience. d. None of these.

A sales manager who learns about a customer's sexual harassment behaviors toward one of his or her salespeople, but does nothing about it could be held personally liable for damages.

a. true b. false