Brienne sells land to her brother, Abe, at a loss. A few years later, Abe sells the land to an unrelated party for a substantial gain. Brienne can recognize her realized loss on the land when Abe sells the land to an unrelated party.
Answer the following statement true (T) or false (F)
False
Brienne will never recognize the loss. Abe will be able to offset his gain by Brienne's loss.
You might also like to view...
Which of the following statements is true of ethical principles?
A. Ethics remain the same irrespective of the country or industry. B. The personal code of ethics does not play a role in business decisions. C. Most people have common views on ethical and unethical practices. D. Ethical principles are often easy to determine. E. Ethical principles can change over time.
The use of economies of scale most closely aligns with which competitive dimension?
a. Cost b. Quality c. Customer Service d. Time
________ establish rules of conduct to be followed within an organization
A) Instruction messages B) Policies and procedures C) Grievances D) All of these choices
Many travelers worry that they may ____ their luggage
A) lose B) loose