Steve and Steph feel that they make and have plenty of money to send their two children to the best university available; therefore, they stated to their accountant that their kids do not need college savings plans. Which of the following reasons would their accountant most likely give to persuade them to invest in a college savings plan?

(A) Steve and Steph still qualify for contribution tax deductions under Section 529 plans, and can shield some of their income.

(B) The government already pays for some college under Section 529 plans, so they might as well take the free money.

(C) The college will actually charge a higher tuition rate for students who do not direct-deposit college savings plan funds.

(D) Steve and Steph still qualify for American Opportunity tax credits under the Coverdell Education Savings Account and can shield some of their income.

Long-distance providers are becoming increasingly concerned about certain activities within their industry. various companies come together voluntarily to implement new standards of social responsibility that members must abide by. what seems to be the primary motivation in this case for an increased interest in social responsibility? - because corporations are creations of society, they are responsible for giving back to the communities in which they operate.- these companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.- these companies are using social responsibility as a means to increase their profitability, both short term and long term.- long-distance providers have started taking pride in their industry and its record for social responsibility.- they feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?