Your answer is correct- Indicate whether each of the following sta (3).docx
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The document provides the answers to 5 true/false statements about corporations. The first two statements about corporations being separate legal entities from owners and stockholders' liability being limited are true. The third statement about lack of regulation being an advantage is false. The fourth statement that there is no journal entry for authorizing capital stock is also true. The final statement that no-par value stock is rare today is false.
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True
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- Kendall and Siena are married and file a joint return. - Siena is a full-time science teacher at a local public middle school. She spent $600 of her own money to purchase supplies for labs she conducted with her students. She did not receive any reimbursement for these expenses. - Kendall is a self-employed driver for Delicious Deliveries. Kendall provided a statement from the food delivery service that indicated the number of miles driven and fees paid for the year. These fees are considered ordinary and necessary for the food delivery business: - 4,786 miles driven while delivering food from 1/1/2022 6/30/2022 - 4,880 miles drived while delivering food from 7/1/2022 12/31/2022 - Insulated box rental: $300 - Vehicle safety inspection (required by Delicious Deliveries): $50 - GPS device fee: $120 - Kendall's record keeping application shows he also drove 4,833 miles between deliveries ( 2 , 393 miles from 1/1/2022 6/30/2022 and 2,440 miles from 7/1/2022 12/31/2022 ) and 4,062 miles ( 2 , 051 miles from 1/1/2022 6/30/2022 and 2,011 miles from 7/1/2022 12/31/2022 ) driven between his home and his first and last delivery point of the day. Kendall has a separate car for personal use. He bought and started using his second car for business on September 1, 2020. - Kendall also kept receipts for the following out-of-pocket expenses: - $100 on tolls - \$120 for car washes - $48 for parking tickets - $75 for Personal Protective Equipment (PPE) used during deliveries - \$150 for snacks and lunches Kendall consumed while working - Kendall provided the Form 1099-NEC and Form 1099-K that he received from Delicious Deliveries. - Kendall also received $500 in cash tips that were not reported elsewhere. - Kendall was sick with Covid-19 and was unable to work for 14 days in May 2022. - Kendall purchased virtual currency through an electronic transfer of cash from his checking account. He had no other virtual currency transactions. - The U. S. federal student loan that Siena owed for postsecondary educational expenses was forgiven in 2022. The amount of student loan canceled was $15 , 000 . Siena did not receive any tax form reporting this amount.
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4. Brand positioning refers to
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B. How and where the product is placed on the shelf in a retail store
C. Where the product is seen in retail stores by targeted customers.
D. Where the brand is located with regards to other brands in the mind of the target customer.
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4. Consider alphabet = { 0 , 1 } . (a) Design a finite state machine that accepts all strings that end with 01 . (b) Design a finite state machine whose language includes only the empty string.
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4. A strategic-form game is defined by A) the set of players, their strategies, and their payoffs at each strategy profile. B) the set of players, their strategies, their payoffs at each strategy profile, and their beliefs about each other's chosen strategies. C) the set of players, their strategies, their payoffs at each strategy profile, and the assumption that all players are rational. D) the set of players, their strategies, their payoffs at each strategy profile, and the assumption of common knowledge of rationality.
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