If we are invited to a social gathering and focus on the negative aspects of the positive situation, what is being impacted?
a. Physical world
b. Psychological world
c. Behaviors
d. All of the above
Ans: D
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A sale involving both goods and services is known as a mixed sale
Indicate whether the statement is true or false
When real estate itself is used to secure a debt obligation it is evidenced by a:
a. certificate of real estate b. draft c. lien d. credit report e. none of the other choices are correct
Penguin Corporation purchased bonds (basis of $190,000) of its 100% owned subsidiary, Finch Corporation, at a discount. Pursuant to a ยง 332 liquidation and in satisfaction of the indebtedness, Finch distributes land worth $200,000 (basis of $160,000) to Penguin. Which of the following statements is correct with respect to the distribution of land?
A. Neither Finch nor Penguin recognize gain (or loss). B. Finch recognizes no gain and Penguin recognizes a gain of $10,000. C. Finch recognizes a gain of $40,000 and Penguin recognizes no gain. D. Finch recognizes a gain of $40,000 and Penguin recognizes a gain of $10,000. E. None of these.
The liquidity of the futures contract used in a hedge is very important to the hedger
Indicate whether the statement is true or false