When the cost of replacement property is less than the amount realized on an involuntary conversion, gain will be recognized. The recognized gain will be equal to the amount realized over the cost of the replacement property, but not more than the total realized gain.
Answer the following statement true (T) or false (F)
True
Proceeds from an involuntary conversion that are not invested in qualifying replacement property will trigger gain recognition equal to the excess proceeds or the realized gain, if less.
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Which of the following is not true about taking physical inventories?
A) Large variances may require investigations and implementation of corrective actions. B) Physical inventories are taken when inventory levels are at their lowest. C) Physical inventories deter employee thefts and inventory misuses. D) Physical inventories are taken when inventory levels are at their highest.
Infomercials are
A. a part of specialty advertising. B. those ads that appear only in print media. C. always televised during off-viewing hours. D. ads that use both one- and two-step approaches. E. primarily designed to sell products that are classified as trends.
PERT, but not CPM, has the ability to consider the precedence relationships in a project
Indicate whether the statement is true or false
Roadbuilders, Inc, uses dynamite in its operations. Sky-Hi Fireworx, Inc, stores explosives in its warehouses. Most likely liable under the doctrine of strict liability for any injury caused by an abnormally dangerous activ¬ity will be
a. none of the choices. b. Roadbuilders and Sky-Hi. c. Roadbuilders only. d. Sky-Hi only.