Consequential damages can include lost profits from sales that did not occur due to the breach of a contract

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Martha is a 40 percent partner in the MMM Partnership, with an outside basis of $50,000. MMM distributes $40,000 cash and accrual-basis accounts receivable with a basis and fair market value of $20,000. Martha does not recognize gain or loss on the distribution and takes a basis in the cash of $40,000 and a basis in the receivables of $10,000.

Answer the following statement true (T) or false (F)

Business

ISO guidelines have not been adopted worldwide

Indicate whether the statement is true or false

Business

Data sets cannot have more than one mode.

Answer the following statement true (T) or false (F)

Business

Before the advent of SAP, most large organizations typically consolidated data in a single database

Indicate whether the statement is true or false

Business