In the sale of a partnership interest, a selling partner will recognize ordinary income (rather than capital gain) when the partnership assets include cash and land held for five years as an investment.
Answer the following statement true (T) or false (F)
False
Ordinary income will be realized on gain attributable to unrealized receivables or inventory items (hot assets).
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Compare and contrast economic globalization with political globalization.
What will be an ideal response?
Finley Company has its company headquarters based in Raleigh, North Carolina, and has six individual retail stores spread throughout North Carolina and Virginia. Which of the following costs would most likely be treated as a common cost for segmented reporting purposes?
A) Lease costs for the company headquarters. B) Property tax costs for the Virginia stores. C) Direct labor costs for the North Carolina stores. D) Utilities costs for the both the Virginia and North Carolina stores.
Which of the following is NOT one of the stages at which MNEs can react to the potential for blocked funds?
A) prior to investing B) during operations C) reinvesting in the local country when funds cannot be moved D) all of the above are stages at which MNEs can react
List the three classifications of standards developed by the American Psychological Association for validating job requirements