A sole proprietorship can have multiple owners
Indicate whether the statement is true or false
F
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What will be an ideal response?
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.
Which of the following statements is correct regarding the manner in which partnership liabilities are reflected in the partners' bases in their partnership interests?
a. Nonrecourse debt is allocated to the partners according to their loss-sharing ratios. b. Recourse debt is allocated to the partners to the extent of the partnership's liabilities in excess of basis in the property. c. An increase in partnership debts results in a decrease in the partners' bases in the partnership interest. d. A decrease in partnership debt is treated as a distribution from the partnership to the partner and reduces the partner's basis in the partnership interest. e. Partnership debt is not reflected in the partners' bases in their partnership interests.
Which of the following refers to the management thinking and practice that stresses the satisfaction of employees' basic needs as the key to increased worker productivity?
A. Scientific management B. Human resources perspective C. Management science D. Behavioral sciences approach E. Human relations movement