Hoopin Oil Incorporated was allowed to deduct $5.3 million of intangible drilling and development costs on 2021's tax return. Which of the following statements is false? a. The deduction is a tax preference for Hoopin.
b. The deduction minimizes Hoopin's after-tax cost of locating and preparing oil wells for production.
c. Hoopin was allowed to deduct the costs only because they did not result in any long-term economic benefit.
d. None of these choices are false.

Shareholders of tesla recently expressed concerns that elon musk should give up some of his power on tesla's board by appointing two independent directors. which of the following is not a reason why elon musk is perceived to have significant power over tesla's board? 1. he is the founder of the firm and a successful entrepreneur, thus board members may be hesitant to challenge him.2. as the ceo and chairman of the firm he can easily determine what the board should discuss and how it should vote on strategic issues.3. all board members, except for kimbal, have been appointed to the board during elon's tenure.4. many of the firm's directors are outsider investment managers whose interests would not be aligned with those of firms' shareholders.

Aminor has the legal right to repudiate

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.