Distinguish between a direct involuntary conversion and an indirect involuntary conversion.
What will be an ideal response?
An involuntary conversion occurs when a taxpayer’s property is stolen, destroyed, or condemned. For a direct involuntary conversion, the taxpayer receives property rather than money. For an indirect involuntary conversion, the taxpayer receives money that can then be used to acquire replacement property.
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Perception is
A. a complex physical and psychological process. B. strongly influenced by the receiver's current state of mind, role and understanding or comprehension of earlier communications. C. the process by which individuals connect to their environment. D. All of these choices are correct.
Why should a facilitator have the team with the minority viewpoint speak first in an ethical decision-making workshop?
a. If the minority viewpoint group were to speak later, they may be too intimidated to support a contrarian position. b. The minority viewpoint-holders are likely to be higher-level organizational members and should be accorded a chance to speak first. c. The minority viewpoint is most likely to be the wrong ethical choice, and it’s better to discuss it early so the group can understand why it would not work. d. Having the minority viewpoint group speak first allows the workshop to begin with an easier task.
If a company receives payment two months after it provides a service:
A. only one journal entry will be needed. B. stockholders' equity will increase. C. a revenue account will be increased with a debit. D. cash will be credited.
A disability is a condition caused by an accident, trauma, genetics, or disease, which may limit a person's mobility, hearing, vision, speech, or mental function.
Answer the following statement true (T) or false (F)