Which one of the following statements is correct?

A) Both partnerships and corporations incur double taxation.
B) Both sole proprietorships and partnerships are taxed in a similar fashion.
C) Partnerships are the most complicated type of business to form.
D) Both partnerships and corporations have bylaws.
E) All types of business formations have limited lives.

Other revenue and expenses are items that are not related to the primary operating activity.

One of Hawk Company's customers returned a product that cost Hawk $300,which was sold on account for $450.Which of the following does not correctly describe the effect of the return on the financial statements?

A) Gross profit decreases $150.
B) Total current assets decrease $150.
C) Sales returns and allowances increase $450.
D) Operating expenses increase $150.

Visual communication and document design have little effect on how readers understand the information being presented.

In most instances, the products that ________-service retailers offer are of a higher-perceived quality or possess added or more complex features than those in the standard offering in its class.

The Chinese,like the Japanese before them,have insisted on licensing agreements and large-scale transfer of technology as the price to agreeing to accept imports.But the Chinese have taken this process one step further by _____________________________________.

Which of the following emotional regulation strategies involves reassessing an event or situation to see the bigger picture and bring about a more positive emotional reaction?

A) situation modification
B) attention deployment
C) suppression
D) cognitive change