true or false The value of noncash "gifts" in de minimis amounts to bank customers, tote...

true or false

The value of noncash "gifts" in de minimis amounts to bank customers, tote bags for
example, to induce customers to add to existing bank accounts are excluded
from the recipients' gross income.
The fair market value of property received as a result of a bartering transaction must be
included in the recipient's gross income.

Expert Solution

ekkarill92 answered 3 years ago

1. True or false: heating air de-humidifies it.

1. True or false: heating air de-humidifies it. 2. What capacity (power) electric heater would be needed to raise the temperature of 300 cubic feet of concrete from 65° F to 150° F in 120 minutes? As this is electrical power, state response in watts or kilowatts. 3. What would be the total cost of #2 fuel oil to operate a boiler expected to perform the task in question 2 if the boiler were operating at full fire with an efficiency of...

answer the following true or false: 12. Unrestricted contributions, i.e., receipts of gifts without donor restrictions,...

answer the following true or false: 12. Unrestricted contributions, i.e., receipts of gifts without donor restrictions, would be classified as operating activity on a NFP’s Statement of Cash Flows. Many NFPs attempt to classify fund-raising expenses as being partially program service expense. The criteria that must be met in order to legitimately report such expenses as partially related to program services include principal, audience and content. A NFP has as its mission the increase of recycling activity by the public....

2. True of false? A financial statement fraud is the deliberate misstatement or omission of amounts or...

2. True of false? A financial statement fraud is the deliberate misstatement or omission of amounts or disclosures in the financial statements to deceive financial statement users. MULTIPLE CHOICE True or False 3. The Worldcom fraud was discovered because of tips to the internal auditors. MULTIPLE CHOICE True or False 4. True of false? Bribery, economic extortion, and conflict of interest each involve the exertion of the influence of an official or employee that has a detrimental effect on his constituency...

Sales discounts offered to customers reduce net income True or False

Because data warehouses are highly de-normalized, they are highly redundant. A True B False Which of...

Because data warehouses are highly de-normalized, they are highly redundant. A True B False Which of the following measure is fully additive? Checking Account Daily Balance Product Full Price Sales Revenue Amount Average Product Cost After conducting requirements analysis for a data warehouse, it is found that “region” is one of the decision dimensions. The sales are analyzed by zip code, city, state and region. The representation zip → city → state → region is considered a ______. A Region...

A regional bank manager wants to know the difference between the mean amounts of time customers...

A regional bank manager wants to know the difference between the mean amounts of time customers wait in line at the drive-up window for three banks in his region. He randomly sampled seven wait times from each location. The data are given in the tables below. Bank 1 Bank 2 Bank 3 1 1.81 3.34 2.32 2 1.43 1.77 1.23 3 1.92 2.80 1.89 4 2.45 1.72 2.31 5 1.99 1.84 3.00 6 1.80 2.38 1.93 7 1.32 1.96 2.45...

True/False Questions Carrying amounts of the combinee's identifiable net assets are disregarded in accounting for a...

True/False Questions Carrying amounts of the combinee's identifiable net assets are disregarded in accounting for a business combination. In a business combination that establishes a parent company-subsidiary affiliation, the subsidiary prepares journal entries on the date of the combination to increase the carrying amounts of its net assets to current fair values. Only the balance sheet is consolidated on the date of a business combination of a parent company and subsidiary. All out-of-pocket costs of a business combination reduce additional...

the decision to sell to extend credit to customers will decrease wage costs True False

The bank reconciliation is an important part of the system of internal controls. True or False?

True or False: and why 1- The FDIC was formed as part of the Bank Deregulation...

True or False: and why 1- The FDIC was formed as part of the Bank Deregulation and Control Act of 1980. 2- The Federal Reserve's target rate has been in a general uptrend since 1980. 3- Inflation is the price of money. 4- Time value of money is of little value managing financial institutions.

Question