The sale of an ordinary asset for its book value results in
A) no tax benefit.
B) recaptured depreciation.
C) a capital gain.
D) an ordinary tax benefit.
A
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How should financial information for internal service funds be reported in the government-wide financial statements?
A. As part of business-type activities. B. As part of governmental activities. C. Amounts allocated proportionately between governmental and business-type activities. D. Usually as part of governmental activities, unless the internal service fund predominantly serves one or more enterprise funds.
Sally purchased a newly introduced moisturizing lotion. By attempting to find out if the lotion's perceived performance matched her expectations, Sally was measuring her level of customer ________
A) loyalty B) satisfaction C) equity D) engagement E) lifetime value
Bankruptcy matters will be heard in:
A) state district court. B) state superior court. C) federal court. D) state appellate court.
A person forming a contract never has to disclose information that is harmful to their interests
Indicate whether the statement is true or false