Available-for-sale securities may be classified as either short- or long-term, depending on how long management intends to keep them
Indicate whether the statement is true or false
T
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Describe what is meant by the definition of a career as “the individually perceived sequence of attitudes and behaviors associated with work-related experiences and activities over the span of the person’s life.”
What will be an ideal response?
Businesses have embraced podcasts for audio and video messages because podcasts A) do not require a live presence, yet offer a friendly human face
B) can't replace costlier live teleconferences but can replace most business travel. C) provide up to 1,000 views per podcast, saving money over individual presentations. D) broadcast interactive, non-repetitive information.
When financial statements are accompanied by the report of an independent auditor, users have the assurance that the statements have been prepared in conformity with accounting and financial reporting standards established by authoritative bodies, and that all material facts have been disclosed.
Answer the following statement true (T) or false (F)
Heather purchased undeveloped land to drill for oil and gas. She spent $800,000 on intangible drilling costs during the year of purchase, which she elected to immediately deduct. During the three years of the well's operation, Heather deducted $1.2 million of cost depletion. Heather has sold the property for a $3 million gain. The gain will be treated as
A) $3 million Sec. 1231 gain. B) $3 million ordinary gain. C) $2 million ordinary income and $1 million Sec. 1231 gain. D) $1.2 million ordinary income and $1.8 million Sec. 1231 gain.