Which of the following is not true about capital assets?
a. Real property used in a trade or business is not a capital asset.
b. Capital losses may be carried back for 3 years to offset capital gains in those years.
c. For 2016, net long-term capital gains are granted preferential tax treatment.
d. Individual taxpayers may deduct net capital losses of up to $3,000 per year.
e. Shares of stock held for investment are capital assets.
b
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Congress appoints and removes the chief administrators of federal executive administrative agencies
a. True b. False Indicate whether the statement is true or false
In some applications, an analyst might present several alternative solutions from a model, and let the organization choose the best one
a. True b. False Indicate whether the statement is true or false
In a period of rising costs, which inventory valuation method would a company likely choose if they want to have the highest possible balance of inventory on the balance sheet?
A. Weighted-average cost. B. Straight-line. C. FIFO. D. LIFO.
Salaried employees are paid overtime, and the majority of college graduates have salaried positions
a. True b. False