If a long-term investment suffers a permanent decline in value, a loss only has to be recorded if the investment is sold
Indicate whether the statement is true or false
False
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Which business tool assists in analyzing business strategy?
A. Three Generic Strategies B. The Five Forces Model C. Value Chain Analysis D. SWOT Analysis
When using Q-sort scaling ________ to ________ objects is a reasonable range
A) 60; 90 B) 90; 140 C) 60; 140 D) 40; 60
In most cases, systems increase the operating flexibility of those procedures and processes that are systematized
Indicate whether the statement is true or false.c
Renee, the sole shareholder of Indigo Corporation, sold her stock to Chad on July 1 for $180,000. Renee’s stock basis at the beginning of the year was $120,000. Indigo made a $60,000 cash distribution to Renee immediately before the sale and Chad received a $120,000 cash distribution from Indigo on November 1. As of the beginning of the current year, Indigo had $26,000 in accumulated E & P and current E & P (before distributions) was $90,000. Which of the following statements is correct?
A. Renee recognizes a $60,000 gain on the sale of the stock. B. Renee recognizes a $64,000 gain on the sale of the stock. C. Chad recognizes dividend income of $120,000. D. Chad recognizes dividend income of $30,000. E. None of these.