What is the basis of artistic works that have been gifted to another by the creator?
A. Artistic works are not capital assets for the creator or the recipient of the artistic works if given as a gift.
B. Artistic works are capital assets to the creator if they are sold to an unrelated person.
C. Artistic works are capital assets if they were available for sale in an art gallery.
D. Artistic works are not capital assets for the creator but are capital assets in the hands of the recipient if the creator gave the artistic works as a gift.
Answer: A
You might also like to view...
Answer the following statements true (T) or false (F)
1. A parochial manager is able to consider decisions and events from a variety of viewpoints. 2. Two of the reasons companies expand internationally are to take advantage of the availability of suppliers, or to charge tariffs or impose import quotas. 3. The reasons that companies expand internationally typically have to do with making or saving money. 4. Maquiladoras are manufacturing plants allowed to operate in South and Central America with special privileges in return for employing citizens in these countries.
Write an example question and its associated coding for 1. a structured question that allows only a single response with less than nine possible choices and 2. a structured question that permits multiple responses
What will be an ideal response?
A set of three or more companies directly linked by one or more of the upstream and downstream flows of products, services, finances, and information from a source to a customer is referred to as
A. a distribution center. B. a supply chain. C. distribution management. D. a value chain. E. logistics.
Under the Uniform Computer Information Transactions Act, a license is a contract that transfers
limited rights in intellectual property and informational rights. Indicate whether the statement is true or false