Gains realized from property transactions are included in gross income unless a nonrecognition rule applies.
Answer the following statement true (T) or false (F)
True
All income from whatever source derived is taxable unless an exclusion is provided in the law.
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In the pull approach to manufacturing, the sales forecast drives the production plan and goods are produced in large batches
Indicate whether the statement is true or false
Which of the following reasons provides the best theoretical support for accelerated depreciation?
a. Assets are more efficient in early years and initially generate more revenue. b. Expenses should be allocated in a manner that "smoothes" earnings. c. Repairs and maintenance costs will probably increase in later periods, so depreciation should decline. d. Accelerated depreciation provides easier replacement because of the time value of money.
Jason is looking for a method of training his employees that will provide hands-on experience and allow for the instructor to customize the training to each employee’s needs. Jason’s best choice of training method would be ______ training.
A. on-the-job B. classroom C. distance D. simulation
Encouraging customers to use an ATM rather than coming into the bank is what type of capacity management technique?
a. Employee scheduling b. Yield/revenue management c. Self-service d. Employee cross-training