Which statement is true regarding oil drilling programs? a. these programs incur intangible drilling costs which are 100% deductible in the year the drilling takes place. b. these programs incur intangible drilling costs which are deductible over a 27 1/2 year period. c. these programs give an immediate deduction for intangible drilling costs. d. these programs provide an intangible drilling costs deduction over the expected life of the well.

To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Which of the following is not an example of one of the four mail advantages of prices on a free market economy