Capital gains can arise from the sale of any capital asset, but capital losses are limited to investment assets
Indicate whether the statement is true or false
TRUE
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For tax purposes, a limited liability company may elect to be treated as a partnership
a. True b. False Indicate whether the statement is true or false
If the December 31, 2016, balance of accounts receivable is higher than the January 1, 2016, balance, then the amount of cash collections will be less than the sales on account for the year
a. True b. False Indicate whether the statement is true or false
The Steelworkers Trilogy established:
A. The legally binding nature of an arbitrator's decision, despite whether the union and/or management agree with it. B. The obligation of a union and management to resolve conflict issues in arbitration. C. The right of the arbitrator to create their own contract from the final offers of the union and management. D. The right of the parties to challenge an arbitrator's decision in court.
Benito accesses Creditline Bank's computer system without authority to obtain protected financial and credit records.Under federal law, this is A) a felony if it was done for a commercial purpose
B) a felony if Creditline brings a civil suit against Benito. C) not a crime. D) a crime but not a felony.