Brad owns 100 shares of AAA Corporation with a basis of $6,000 and a FMV of $24,000. Brad receives 15 stock rights as a nontaxable distribution with a total FMV of $6,000. Brad allows the stock rights to expire. Brad's loss recognized and the basis of the original 100 shares after expiration of the stock rights is
A. $0 and $6,000.
B. ($1,200) and $4,800.
C. ($1,200) and $6,000.
D. $0 and $4,800.
Answer: A
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Which of the following statements supports technology driven approach to the marketplace?
A) Products should be tested and proven before releasing them. B) Providing technology to salespeople can help increase volumes. C) Quality improvement in products can result in customer value. D) Customer information systems can be used to increase sales.
An important force affecting business is the ________ movement, a movement of citizens and government organized to strengthen the rights and powers of buyers in relation to sellers
A) human rights B) consumerist C) environmental D) self-determination E) materialistic
After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $32,000. The entry to close the income summary account will be:
A. Credit Retained earnings $32,000; debit Dividends $32,000. B. Debit Income Summary $32,000; credit Retained earnings $32,000. C. Debit Income Summary $32,000; credit Dividends $32,000. D. Debit Dividends $32,000; credit Income Summary $32,000. E. Debit Retained earnings $32,000; credit Income Summary $32,000.
When assessing the service desk's performance, quality is the primary measure looked at, as it directly relates to customer satisfaction.
Answer the following statement true (T) or false (F)