CBM Inc. realized a $429,000 gain on sale of a commercial office building that the corporation placed in service in 1994. Accumulated MACRS depreciation on the complex was $311,800. The entire gain is characterized as Section 1231 gain.
Answer the following statement true (T) or false (F)
False
CBM must recapture $62,360 ($311,800 × 20%) as ordinary income.
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Quantitative analysis techniques may be applied to qualitative data.
Answer the following statement true (T) or false (F)
Joe, the owner of ABC Electronics, just discovered that his trusted friend Paul, his accountant for over 30 years, has been mishandling the company books and stealing from the company bank account. Joe must decide whether to ignore his friend's actions and avoid bad publicity for ABC Electronics, or to have Paul arrested for embezzlement. Joe is facing
A. a whistle-blower. B. a synergy factor. C. an issue of corporate governance. D. a social audit. E. an ethical dilemma.
Answer the following statements true (T) or false (F)
The SEC has allowed accounting policy-making power to remain in the private sector.
Which of the following statements about the power of the human voice is most accurate?
A) The voice sends only verbal messages to receivers. B) Individuals can learn to change their voice to make it more effective and powerful. C) No correlation exists between the voice and perceived authority and trust. D) All answer choices are accurate statements about the human voice.