Every gain or loss realized on the disposition of property is ultimately characterized as either ordinary or capital for tax purposes.
Answer the following statement true (T) or false (F)
True
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U.S. GAAP requires the disclosure of the acquisition of a building by assuming a mortgage obligation
a. as both a financing activity and an operating activity. b. as both an operating activity and an investing activity. c. as both an investing activity and a financing activity. d. in a separate schedule or note, but does not appear in the statement of cash flows as an operating activity, investing activity or a financing activity. e. as both an investing activity and a exchange activity.
A document in which the bank guarantees to pay a specific amount of money when a particular even takes place is called
A) a guarantee B) an indemnity C) a letter of credit D) promissory note E) negotiable instrument
Generally, under employment-at-will doctrine, an employer may fire an employee even if doing so would violate a federal or state statute
Indicate whether the statement is true or false
Which of the following statements about the coverage of health care services under Part A of Medicare is (are) true?
I. Services in the patient's home are covered if the patient requires skilled care and meets certain conditions. II. Hospice care is available for beneficiaries with a terminal illness. A) I only B) II only C) both I and II D) neither I nor II