PetSmart operates a large number of retail outlets and has begun opening a series of pet hotels
Indicate whether the statement is true or false
TRUE
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Tyson is a 25 percent partner in the KT Partnership. On January 1, KT makes a proportionate distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000), and land with a fair value of $8,000 (inside basis of $12,000) to Tyson. KT has no liabilities at the date of the distribution. Tyson's basis in his KT Partnership interest is $24,000. What is Tyson's basis in the distributed inventory and land?
A. $0 inventory, $8,000 land. B. $16,000 inventory, $8,000 land. C. $8,000 inventory, $0 land. D. $8,000 inventory, $12,000 land.
A ________ is someone who searches through multiple, disparate data sources in order to discover insights that will provide a competitive advantage
A) search engine optimizer B) data broker C) data warehouser D) data scientist E) reality miner
Special orders should be considered only when entire capacity of an organization is used
Indicate whether the statement is true or false
Ignoring income taxes, choose the correct response below regarding total stockholders' equity resulting from classifying all investments for a firm either as trading securities or securities available-for-sale
a. Stockholders' equity is the same regardless of the classification b. Stockholders' equity is greater if the investments are classified as available-for-sale. c. .Stockholders' equity is greater if the investments are classified as trading securities. d. If there have been unrealized gains, classification as trading securities results in higher stockholders' equity.