Which of the following is not a business transaction?
A) make a sales offer
B) sell goods for cash
C) receive cash for services to be rendered later
D) pay for supplies
A
You might also like to view...
Law and ethics are not synonymous. Elaborate on this statement with the help of an example.
What will be an ideal response?
Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $26,000 cash to Randolph in complete liquidation of his interest. RD has only capital assets and no liabilities at the date of the distribution. Randolph's basis in his RD Partnership interest is $37,000. What is the amount and character of Randolph's gain or loss on the distribution?
A. $11,000 capital gain. B. $11,000 capital loss. C. $0 gain or loss. D. $11,000 ordinary income.
There is no limit on the number of open-end mutual fund shares that a company can offer
Indicate whether the statement is true or false.
The START WITH clause is used to identify the starting numeric value for a synonym
a. True b. False Indicate whether the statement is true or false