Which of the following interest-free loans is subject to the imputed interest rules?
I.Lena needed $5,000 to pay off some gambling debts. Her employer loans her the $5,000.II.Sherry loans her son $130,000 to purchase a motor home to use in his landscaping business. Her son has no investment income for the year.?
A. Only loan I
B. Only loan II
C. Both loans
D. None of the loans
Answer: B
You might also like to view...
Business marketers typically deal with many more buyers than consumer marketers.
Answer the following statement true (T) or false (F)
Manufacturing flexibility refers to all of the following except?
a. Create different product types b. Efficiently dispose of damaged WIP c. Change the order in how processes are operated d. Change process capacities
Which of the following is LEAST likely to influence location decisions?
a. environmental conditions b. technological factors c. production technologies d. employment levels in economy
The first step in strategy implementation involves articulating in simple language what a particular business must do to create or sustain a competitive advantage. This step involves
A. creating an implementation plan. B. defining strategic tasks. C. developing a mission statement. D. assessing organizational capabilities. E. developing an implementation agenda.