The first step a court takes in choosing a remedy is to determine:
a. what interest it is trying to protect.
b. if the damages can be quantified with reasonable certainty.
c. if punitive damages should be awarded.
d. whether the injured party mitigated its damages.
a
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If an asset is sold above its book value, the selling company records a loss.
Answer the following statement true (T) or false (F)
Identify which of the following statements is true.
A) A general partner's share of recourse debt is based on his or her economic risk of loss, and his or her share of nonrecourse debt is predominantly based on his or her share of partnership profits. B) A partner's basis for his or her partnership interest is increased by his or her share of the partnership's tax-exempt income. C) If all tax-exempt interest income is distributed when received by a partnership, the partners' bases are the same after the distribution as they were before the tax-exempt interest was received by the partnership. D) All of the above are true.
Productivity expert Odette Pollar recommends that managers delegate emergencies and any matters that are confidential or involve counseling of subordinates to qualified assistant managers.
a. True b. False
If the IRS loses a case in a court proceeding, they may issue an acquiescence that means they will not follow the decision in similar cases
a. True b. False Indicate whether the statement is true or false