Theo believes that everyone must develop his or her own ethical rules. So whereas he believes that gay marriage should be legal, he understands that other people might feel differently. Theo would be considered to be a(n) _______ relativist
A) individual
B) issue-oriented
C) cultural
D) societal
A
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Answer the following statement true (T) or false (F)
An agent has the implied authority to do what is reasonably necessary to carry out express au-thor-ity
Indicate whether the statement is true or false
Which of the following expresses the right one has to choose her partners?
A) Partnership by estoppel B) Delectus personae C) Entity theory D) Fiduciary relationship
Firm F purchased a commercial office building for business use in 2008 for $965,000. This year, the firm sold the building for $1 million. Accumulated MACRS depreciation through date of sale was $275,000. Which of the following statements is true?
A. If Firm F is a noncorporate taxpayer, it recognizes $310,000 Section 1231 gain. B. If Firm F is a corporation, it recognizes $55,000 ordinary income and $255,000 Section 1231 gain. C. Both if Firm F is a corporation, it recognizes $55,000 ordinary income and $255,000 Section 1231 gain and if Firm F is a noncorporate taxpayer, it recognizes $310,000 Section 1231 gain are true. D. If Firm F is a corporation, it recognizes $62,000 ordinary income and $248,000 Section 1231 gain.