Which of the following statements is are true a two

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47. Which of the following statements is (are) true? a. Two-Sided Transactions recognize that the accounting system always records two sides to every transaction, a debit and a credit, and there are real people or real firms on each side of the transaction. b. The Incremental Benefits Principle uses financial statements and the accounting system to help identify and estimate the incremental expected cash flows for making financial decisions. c. The Risk-Return Tradeoff Principle keeps in mind that managerial decisions are based on future risks and returns. d. all of these
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d 48. The current market value of an asset can be very different from its book value. Four factors affect the likelihood of a difference between market and book values. These include which of the following? c 49. The current market value of an asset can be very different from its book value. Four factors affect the likelihood of a difference between market and book values. These include which (if any) of the following? b 50. Certain items in the income statement are called noncash items, wherein the cash flow for the expense occurs outside of the reporting period. These include which of the following? c 51. At least of dividends received by a corporation from another corporation are not taxed. a. 40% b. 50% c. 70% d. 80% b 52. If a corporation shows a loss (has a negative net income), this loss can be “carried back” as much as . c 53. If a corporation shows a loss (has a negative net income), this loss can be “carried forward” for as much as . a 54. The so-called Subchapter S regulation permits small businesses that meet certain requirements to choose to be taxed as:
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c 55. Like corporate income tax rates, personal income tax rates with income. a. decrease b remain the same c. increase d. none of these b
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