If a personal-use asset is contributed to a partnership for business use, the partnership's basis in the asset is always the FMV of the asset.
Answer the following statement true (T) or false (F)
False
When personal-use assets are contributed to a partnership, the basis in the asset is the lower of the partner's cost or the FMV of the asset on the date contributed.
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The need for multiple channel intermediaries increases as the number of customers increases in a market
Indicate whether the statement is true or false
In order to implement a mass-personalization strategy, a business's database marketing system must be able to track individual customers and their buying history
Indicate whether the statement is true or false
The theoretical justification in support of the effective interest method of amortizing a discount is that it represents
A) a stable interest expense. B) a stable interest rate. C) an increasing balance in the discount account. D) an increasing balance in the book value account.
Exhibit 15-4 On January 1, 2016, Masters, Inc, grants a compensatory share option plan to 15 of its executives. The plan allows each executive to buy 1,000 shares of its $1 par common stock at $30 per share after a three-year service period. At January 1, 2016, the value of each option is estimated to be $9. The company also estimates it will have an annual 3% employee turnover rate during the
service period. ? Refer to Exhibit 15-4. What is the compensation expense for the year ended December 31, 2017? A) $0 B) $ 41,070 C) $135,000 D) $123,211