A building used in a business is sold after five years of use for a gain. The gain will be treated as a long-term capital gain.

Answer the following statement true (T) or false (F)


False

Depreciable business property is excluded from the definition of a capital asset.

Business

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A group of small sellers take the initiative and organize a new business entity to carry on wholesaling and possibly some production. This initiative is called a(n) ________

A) retailer cooperative B) franchise organization C) area-based cartel D) sponsored voluntary chain E) alternate selling channel

Business

Chi-square analysis can determine if there is a significant relationship between two categorical variables

Indicate whether the statement is true or false

Business

Which of the following costs normally is expensed in the year incurred, regardless of the extent of future benefit?

a. Technology b. Customer lists c. Research and development d. Leasehold improvements

Business

"Mrs. Baird's Bread is made with love. It is like my grandmother is making it in her kitchen." This statement is an example of a(n):

A. demonstration. B. analogy. C. imagery. D. dramatization. E. metaphor.

Business