Under which of the following conditions would hurricane damage be considered an extraordinary item for financial reporting purposes?
a. Under any circumstances hurricane damage should be classified as an extraordinary item.
b. Only if hurricanes are unusual in nature and infrequent in occurrence in the geographic area
c. Only if hurricanes are normal in the geographic area but do not occur frequently
d. Only if hurricanes occur frequently in the geographic area but have been insured against
B
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Jim places a new lift truck (7-year MACRS property) into service on January 16, 2019. He pays $30,000 for the truck. This is the only business asset placed into service during this year. Jim does not desire to use the Section 179 election. What is the maximum depreciation Jim may deduct for the current year?
A. $-0- B. $4,287 C. $6,000 D. $8,574 E. $30,000
Mediated screens call for
a. large gestures. b. exaggerated facial expressions. c. nuanced nonverbal expressions. d. neutral face work.
A taxpayer may not avoid responsibility for payment of income taxes by assigning the income to a third party.
Answer the following statement true (T) or false (F)
The training instructor at the state police barracks told all the trainees that they had to keep their lockers secured at all times. Brandi forgot and failed to put her lock on, so when the instructor discovered this, he made her mop the bathroom and the hallway of the barracks. This is an example of
A. extinction. B. punishment. C. training. D. negative reinforcement. E. operant conditioning.