Hugo Inc., a calendar year taxpayer, sold two operating assets this year. The first sale generated a $38,700 Section 1231 gain, and the second sale generated a $59,400 Section 1231 loss. As a result of these sales, Hugo should recognize:
A. $20,700 capital loss
B. $20,700 ordinary loss
C. $38,700 Section 1231 gain treated as capital gain and $59,400 ordinary loss
D. None of the above
Answer: B
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Customer service is the ability of knowledgeable and capable employees to deliver products to their external and internal customers.
Answer the following statement true (T) or false (F)
The Jewelry Division of Genuine Gems Company is considering an investment in a new project. The project has an estimated cost of $1,000,000 . If Genuine Gems Company has a target rate of return of 12%, how large does the return on investment on this project need to be to generate $150,000 of residual income?
a. 15% b. 12% c. 25% d. 27%
Which of the following is an external influence that affects pricing decisions?
A) the salaries of production management B) competition C) the salaries of finance management D) overall pricing objectives E) the company's overall marketing strategy
Which of the following is not part of an appeal?
a. Live testimony by witnesses before the appellate court b. Transcripts of the trial court proceedings c. Appellate briefs d. All of the above