Which of the following is true of maquiladoras?
A) They discourage foreign businesses from outsourcing.
B) They assess tariffs only on the value-added work done.
C) They originated in China.
D) None of the above
E) All of the above
B
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Indicate whether the statement is true or false.
Delour Inc. was incorporated in 2013 and adopted a calendar year. Here is a schedule of Delour's net Section 1231 gains and (losses) reported on its tax returns through 2018. 201320142015201620172018$(4,900)$-0-$-0-$-0-$(12,000)$-0-In 2019, Delour recognized a $50,000 gain on the sale of business land. How is this gain characterized on Delour's tax return?
A. $50,000 ordinary gain. B. $50,000 Section 1231 gain. C. $16,900 ordinary gain and $33,100 Section 1231 gain. D. $12,000 ordinary gain and $38,000 Section 1231 gain.
In a partnership, each member of the project team is responsible for the project's outcomes and the current situation, whether it is positive or shows evidence of project problems. The term that BEST describes this responsibility is:
A) Exchange of purpose. B) A right to say no. C) Joint accountability. D) Absolute honesty.
Explain AMO theory.
What will be an ideal response?