All recognized gains and losses must eventually be classified either as capital or ordinary.
Answer the following statement true (T) or false (F)
True
Different tax rates can apply to ordinary and capital gains, and capital losses have deduction limitations so classification between ordinary and capital is important.
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Net sales revenue is calculated by ________.
A) subtracting cost of goods sold from sales revenue B) subtracting sales discounts and selling expenses from sales revenue C) adding sales discounts and sales returns and allowances to sales revenue D) subtracting sales discounts and estimated sales returns and allowances from sales revenue
The ________ is an alliance of 200 companies doing business in 138 countries dedicated to making the world healthier.
A. International Federation of the Red Cross B. World Economic Forum on Health C. United Nations Development Program D. Global Business Coalition on Health
The ________ of an organization is the shared beliefs, values, and attitudes.
A. mission B. culture C. structure D. vision
A state law that covers all businesses cannot give in-state businesses an advantage over out-of-state businesses
Indicate whether the statement is true or false